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Presale: Wellfleet CLO 2022-2 Ltd./Wellfleet CLO 2022-2 LLC

Wellfleet CLO 2022-2 Ltd. is a $500.95 million broadly syndicated CLO managed by Wellfleet Credit Partners LLC. Based on provisions in the transaction documents and the portfolio characteristics: The transaction will be collateralized by at least 90.0% senior secured loans, with a minimum of 80.0% 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, 99.48% 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, 97.61% have recovery ratings (which may include confidential and private ratings) assigned by S&P Global Ratings. All or some

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