Chenango Park CLO Ltd. Debt Assigned Ratings In Connection With Refinancing

Chenango Park CLO Ltd. refinanced its class A-1a, A-1b, A-2, B, and C debt on April 8, 2025, through an optional redemption and replacement debt issuance. After analyzing the changes to the transaction, we assigned ratings to the replacement class A-1a-R, A-1b-R, A-2-R, B-R, and C-R debt. At the same time, we withdrew our ratings on the original class A-1a, A-2, B, and C debt following payment in full. The original class A-1b debt was not rated by S&P Global Ratings. We also affirmed our ratings on the class D and E debt, which were not refinanced. The ratings reflect our view of the credit support available to the refinanced debt after examining the new capital structure and payment mechanics.

...- Chenango Park CLO Ltd. refinanced its class A-1a, A-1b, A-2, B, and C debt on April 8, 2025, through an optional redemption and replacement debt issuance. - After analyzing the changes to the transaction, we assigned ratings to the replacement class A-1a-R, A-1b-R, A-2-R, B-R, and C-R debt. At the same time, we withdrew our ratings on the original class A-1a, A-2, B, and C debt following payment in full. The original class A-1b debt was not rated by S&P Global Ratings. - We also affirmed our ratings on the class D and E debt, which were not refinanced. - The ratings reflect our view of the credit support available to the refinanced debt after examining the new capital structure and payment mechanics. CHICAGO (S&P Global Ratings) April 8, 2025--S&P Global Ratings today assigned its ratings to the replacement class A-1a-R, A-1b-R, A-2-R, B-R, and C-R debt from Chenango Park CLO Ltd./Chenango Park CLO LLC, a CLO managed by GSO/Blackstone Debt Funds Management LLC that was originally issued...

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