KBRA UK (KBRA) assigns preliminary ratings to five classes of refinancing notes and one loan issued by RRE 17 Loan Management DAC (Reset), a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro denominated corporate loans.

RRE 17 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the “collateral manager”). The CLO transaction initially closed in March 2024, and this is the first reset of the transaction. Proceeds from the issuance of the new CLO notes will be used to redeem the outstanding notes in full and to purchase new assets.

Proceeds from the issuance of the new CLO notes will be used to redeem the outstanding notes in full and to purchase new assets. The CLO will have a 4.6-year reinvestment period

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