Elmwood CLO XII Ltd. Debt Rated In Connection With Refinancing And Extension

Elmwood CLO XII Ltd. refinanced its class A-L, A, B, C, D, E, and F debt on Oct. 3, 2024, through an optional redemption and replacement debt issuance. After analyzing the changes to the transaction, we assigned ratings to the replacement class A-L-R, A-R, B-R, C-R, D-1-R, D-2-R, E-R, and F-R debt. At the same time, we withdrew our ratings on the original class A-L, A, B, C, D, E, and F debt following payment in full. The ratings reflect our view of the credit support available to the refinanced debt after examining the new capital structure and payment mechanics. NEW YORK (S&P Global Ratings) Oct. 3, 2024--S&P Global Ratings today assigned its ratings to the class A-L-R, A-R, B-R,

...- Elmwood CLO XII Ltd. refinanced its class A-L, A, B, C, D, E, and F debt on Oct. 3, 2024, through an optional redemption and replacement debt issuance. - After analyzing the changes to the transaction, we assigned ratings to the replacement class A-L-R, A-R, B-R, C-R, D-1-R, D-2-R, E-R, and F-R debt. At the same time, we withdrew our ratings on the original class A-L, A, B, C, D, E, and F debt following payment in full. - The ratings reflect our view of the credit support available to the refinanced debt after examining the new capital structure and payment mechanics. NEW YORK (S&P Global Ratings) Oct. 3, 2024--S&P Global Ratings today assigned its ratings to the class A-L-R, A-R, B-R, C-R, D-1-R, D-2-R, E-R, and F-R replacement debt from Elmwood CLO XII Ltd./Elmwood CLO XII LLC, a CLO originally issued in December 2021 that is managed by Elmwood Asset Management LLC. At the same time, we withdrew our ratings on the original class A-L, A, B, C, D, E, and F debt following payment in full...

Ratings Action