Neuberger Berman Loan Advisers CLO 35 Ltd. Debt Assigned Ratings In Connection With Refinancing

Neuberger Berman Loan Advisers CLO 35 Ltd. refinanced its class A-R, A-L, C-R, D, and E debt on March 21, 2025, through an optional redemption and replacement debt issuance. After analyzing the changes to the transaction, we assigned ratings to the replacement class A-RR, A-L, C-RR, D-R, and E-R debt. At the same time, we withdrew our ratings on the class A-R, A-L, C-R, D, and E debt following payment in full. We also affirmed our ratings on the class B-I and B-P debt, which were not refinanced. The replacement class A-L debt has the same class name as the existing class A-L debt. The ratings reflect our view of the credit support available to the refinanced debt after examining

...- Neuberger Berman Loan Advisers CLO 35 Ltd. refinanced its class A-R, A-L, C-R, D, and E debt on March 21, 2025, through an optional redemption and replacement debt issuance. - After analyzing the changes to the transaction, we assigned ratings to the replacement class A-RR, A-L, C-RR, D-R, and E-R debt. At the same time, we withdrew our ratings on the class A-R, A-L, C-R, D, and E debt following payment in full. We also affirmed our ratings on the class B-I and B-P debt, which were not refinanced. The replacement class A-L debt has the same class name as the existing class A-L debt. - 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 21, 2025--S&P Global Ratings today assigned its ratings to the class A-RR, A-L, C-RR, D-R, and E-R replacement debt from Neuberger Berman Loan Advisers CLO 35 Ltd./Neuberger Berman Loan Advisers CLO 35 LLC, a CLO managed by...

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