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Presale: Crown City CLO IV/Crown City CLO IV LLC

Crown City CLO IV is a $359.30 million broadly syndicated CLO managed by Western Asset Management Co. LLC. Based on provisions in the transaction documents and the portfolio characteristics: The transaction will be collateralized by at least 92.5% senior secured loans, cash, and eligible investments, with a minimum of 80.0% of the loan borrowers required to be based in the U.S. A maximum of 70.0% of the loans in the collateral pool can be covenant-lite. Of the identified underlying collateral obligations, 100.0% 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, 92.7% have recovery ratings (which may include confidential and private ratings) assigned by S&P