MCF CLO IX Ltd. Debt Assigned Ratings In Connection With Refinancing

We reviewed MCF CLO IX Ltd./MCF CLO IX LLC, which, based on its proposed supplemental indenture, refinanced its class A-1-R, A-2-R, B-R, C-R, D-R, and E debt and class A-1-R loans on March 28, 2024, through an optional redemption and replacement note issuance. After analyzing the changes to the transaction, we assigned our ratings to the replacement class A-1-RR, B-RR, C-RR, D-RR, and E-R debt and the replacement class A-L-RR and B-L loans. The original debt was fully redeemed with the proceeds from the replacement debt on the refinancing date. 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) March 28,

...- We reviewed MCF CLO IX Ltd./MCF CLO IX LLC, which, based on its proposed supplemental indenture, refinanced its class A-1-R, A-2-R, B-R, C-R, D-R, and E debt and class A-1-R loans on March 28, 2024, through an optional redemption and replacement note issuance. - After analyzing the changes to the transaction, we assigned our ratings to the replacement class A-1-RR, B-RR, C-RR, D-RR, and E-R debt and the replacement class A-L-RR and B-L loans. The original debt was fully redeemed with the proceeds from the replacement debt on the refinancing date. - 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) March 28, 2024--S&P Global Ratings today assigned its ratings to the class A-1-RR, B-RR, C-RR, D-RR, and E-R debt and class A-L-RR and B-L loans from MCF CLO IX Ltd./MCF CLO IX LLC, a CLO transaction that was originally issued in June 2019 and refinanced in February...

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