Presale

Cerberus Loan Funding XXIV L.P.: Presale Report

Structured Credit

Summary

DBRS, Inc. (DBRS) assigned the following provisional rating to the Class A-1 Senior Secured Floating-Rate Notes (the Class A-1 Notes) to be issued by Cerberus Loan Funding XXIV L.P. (the Issuer) pursuant to the Indenture to be dated as of August [7], 2018, among Cerberus Loan Funding XXIV L.P., as Issuer, Cerberus LFGP XXIV, LLC, as General Partner, Cerberus Co-Issuer XXIV LLC, as Co-Issuer, Cerberus Business Finance, LLC, as Servicer and Wells Fargo Bank, National Association, as Trustee. DBRS also assigned the following provisional rating to the Class A Senior Secured Loans (the Class A Loans) incurred by the Issuer under the Class A Loan Agreement, to be dated as of August [7], 2018, among the Issuer, Co-Issuers, the General Partner, Wells Fargo Bank, National Association as the Class A Loan Agent and each Class A Lender:

-- Class A-1 Notes at AAA (sf)
-- Class A Loans at AAA (sf)

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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