Discover more about S&P Global’s offerings
1988 CLO 2 Ltd. is a $413.50 million broadly syndicated collateralized loan obligation (CLO) managed by 1988 Asset Management LLC, a subsidiary of Muzinich & Co. Inc. This is 1988 Asset Management LLC's first CLO in 2023, which will bring its total CLO assets under management (AUM) to approximately $0.82 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 90.0% of the loan borrowers required to be based in the U.S. or Canada. A maximum of 60.0% of the loans in the collateral pool can be covenant-lite. All of the identified underlying collateral obligations have credit ratings
Download