Sixth Street CLO 28 Ltd. is a $508.75 million broadly syndicated CLO managed by Sixth Street CLO 28 Management LLC, a subsidiary of Sixth Street Advisors LLC. 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, 99.80% 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, 95.26% have recovery ratings (which may include confidential and private ratings) assigned by S&P Global Ratings. The preliminary ratings assigned to Sixth Street CLO 28 Ltd./Sixth Street CLO 28 LLC's fixed- and floating-rate debt reflect
