Presale: BlueMountain CLO XXXII Ltd./BlueMountain CLO XXXII LLC

BlueMountain CLO XXXII Ltd. is a $508.75 million broadly syndicated collateralized loan obligation (CLO) managed by Assured Investment Management LLC, a subsidiary of Assured Guaranty. This is Assured Investment Management LLC's third CLO in 2021, which will bring its total CLO assets under management (AUM) to $13.4 billion. Based on provisions in the transaction documents and portfolio characteristics: The transaction will be collateralized by at least 90.0% senior secured loans, cash, and eligible investments, with a minimum of 80.0% of the loan borrowers required to be based in the U.S. A maximum of 65.0% of the loans in the collateral pool can be covenant-lite. Of the identified underlying collateral obligations, 99.52% have credit ratings assigned by S&P Global Ratings. Of

...Expected closing date Sept. 16, 2021. Effective date To be determined. Non-call period end date Oct. 15, 2023. Reinvestment period end date Oct. 15, 2026. Stated maturity date Oct. 15, 2034. Note payment frequency Quarterly, beginning Jan. 15, 2022....

Presale Report