Canyon CLO 2019-1 Ltd. is a $415.65 million broadly syndicated CLO managed by Canyon CLO Advisors L.P., an affiliate of Canyon CLO Advisors LLC. This is a proposed refinancing of its transaction that originally closed in March 2019 and previously refinanced in June 2021 that S&P Global Ratings did not originally rate. Based on provisions in the transaction documents and the portfolio characteristics: The transaction will be collateralized by at least 90% senior secured loans, cash, and eligible investments, with a minimum of 80% of the loan borrowers required to be based in the U.S., Canada, and United Kingdom. Of the identified underlying collateral obligations, 99.7% have credit ratings (which may include confidential ratings, private ratings, and credit estimates) assigned
