...- Generate CLO 2 Ltd./Generate CLO 2 LLC's debt issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade senior secured term loans. - We assigned our preliminary ratings to the class X, BR2, CR2, D1R2, D2R2, and ER2 debt. - The preliminary ratings reflect our view of the transaction's credit enhancement, pool characteristics, and legal structure, among other factors. TORONTO (S&P Global Ratings) Aug. 20, 2024--S&P Global Ratings today assigned its preliminary ratings to Generate CLO 2 Ltd./Generate CLO 2 LLC's floating-rate debt (see list). The debt issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade (rated '##+' or lower) senior secured term loans. The transaction is managed by Generate Advisors LLC, which serves as the CLO management division of Kennedy Lewis Investment Management LLC. This is a proposed refinancing of it's December 2017 transaction,...
