RR 26 Ltd. is a $501.25 million broadly syndicated collateralized loan obligation (CLO) managed by Redding Ridge Asset Management LLC (RRAM), a subsidiary of Apollo Global. This is RRAM's second CLO in 2023, which will bring its total CLO assets under management (AUM) to approximately $13 billion. 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 60.0% 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