Presale: Symphony CLO 38 Ltd./Symphony CLO 38 LLC

Symphony CLO 38 Ltd. is a $449.132 million broadly syndicated CLO managed by Symphony Alternative Asset Management LLC, a subsidiary of Nuveen LLC. This is Symphony Alternative Asset Management LLC's first CLO in 2023. Based on provisions in the transaction documents and the portfolio characteristics: The transaction will be collateralized by at least 90.0% senior secured loans, cash, and eligible investments, with a minimum of 80% of the loan borrowers required to be based in the U.S.. A maximum of 60.0% of the loans in the collateral pool can be covenant-lite. Of the identified underlying collateral obligations, 99.77% have credit ratings (which may include confidential ratings, private ratings, and credit estimates) assigned by S&P Global Ratings. Of the identified underlying

...Expected closing date March 17, 2023. Effective date To be determined. Non-call period end date March 17, 2025. Reinvestment period end date April 24, 2028. Stated maturity date April 24, 2036. Note payment frequency Quarterly, beginning Oct. 24, 2023....

Presale Report