Kohlberg Credit CLO 2025-1 LLC is a $401.76 million middle market CLO managed by Kohlberg&Co. LLC. This is the first CLO transaction from Kohlberg&Co. LLC rated by S&P Global Ratings. Based on provisions in the transaction documents and the portfolio characteristics: The transaction will be collateralized by at least 90.00% senior secured loans, cash, and eligible investments. Of the identified underlying collateral obligations, 94.72% have credit ratings (which may include confidential ratings, private ratings, and credit estimates) assigned by S&P Global Ratings. Of the identified underlying collateral obligations, 6.74% have recovery ratings (which may include confidential and private ratings) assigned by S&P Global Ratings. The preliminary ratings assigned to Kohlberg Credit CLO 2025-1 LLC's fixed- and
