Presale: Bryant Park Funding 2023-19 Ltd./Bryant Park Funding 2023-19 LLC (Refinancing And Extension) - S&P Global Ratings’ Credit Research

Presale: Bryant Park Funding 2023-19 Ltd./Bryant Park Funding 2023-19 LLC (Refinancing And Extension)

Presale: Bryant Park Funding 2023-19 Ltd./Bryant Park Funding 2023-19 LLC (Refinancing And Extension) - S&P Global Ratings’ Credit Research
Presale: Bryant Park Funding 2023-19 Ltd./Bryant Park Funding 2023-19 LLC (Refinancing And Extension)
Published Feb 20, 2025
14 pages (5235 words) — Published Feb 20, 2025
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Bryant Park Funding 2023-19 Ltd. is a $411.00 million broadly syndicated CLO managed by Marathon Asset Management L.P. This is a proposed refinancing of its March 2023 transaction. Based on provisions in the transaction documents and the portfolio characteristics: The weighted average cost of the replacement debt is expected to be lower than the existing debt. The class A-1 debt is expected to be replaced by two pari passu floating-rate classes: the class A-1-R and class A-2-R debt. The class A-2A and A-2B debt are expected to be replaced by one floating-rate class: the class B-R debt. The non-call period will be extended two years to March 2027. The reinvestment period and stated maturity will be extended two years each

  
Brief Excerpt:

...Bryant Park Funding 2023-19 Ltd. is a $411.00 million broadly syndicated CLO managed by Marathon Asset Management L.P. This is a proposed refinancing of its March 2023 transaction....

  
Report Type:

Presale Report

Sector
Structured Finance
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Presale: Bryant Park Funding 2023-19 Ltd./Bryant Park Funding 2023-19 LLC (Refinancing And Extension)" Feb 20, 2025. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Presale-Bryant-Park-Funding-2023-19-Ltd-Bryant-Park-Funding-2023-19-LLC-Refinancing-And-Extension-3326415>
  
APA:
S&P Global Ratings’ Credit Research. (). Presale: Bryant Park Funding 2023-19 Ltd./Bryant Park Funding 2023-19 LLC (Refinancing And Extension) Feb 20, 2025. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Presale-Bryant-Park-Funding-2023-19-Ltd-Bryant-Park-Funding-2023-19-LLC-Refinancing-And-Extension-3326415>
  
US$ 500.00
$  £  €
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