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Presale: Palmer Square CLO 2022-5 Ltd./Palmer Square CLO 2022-5 LLC

Palmer Square CLO 2022-5 Ltd. is a $495.50 million broadly syndicated collateralized loan obligation (CLO) managed by Palmer Square Europe Capital Management LLC, a subsidiary of Palmer Square Capital Management LLC. This is Palmer Square Capital Management LLC's sixth CLO in 2022, which will bring its total CLO assets under management (AUM) to approximately $8.1 billion. 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 85.0% 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, 100.0%