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Presale: Madison Park Funding LIV Ltd./Madison Park Funding LIV LLC

Madison Park Funding LIV Ltd. is a $397.10 million broadly syndicated CLO managed by Credit Suisse Asset Management LLC (CSAM). This will be CSAM's second CLO in 2022. 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 (96.0% prior to satisfaction of the controlling class condition, which is satisfied if the majority holder of the class A-1 notes either provides consent or no longer holds a majority stake in such class), 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 (55%