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Cumulus Static CLO 2024-1: 14 May 2024

The second deal under the name, the Cumulus Static CLO will be a static CLO deal of primarily Secured Senior Loans and Bonds, from collateral/investment manager Blackstone.

Of note is that the three largest industries comprise 33.5% of the portfolio balance, and the top 10 obligors represent 14.6% of the portfolio balance.

The transaction does not have a reinvestment period and discretionary sales are not permitted.