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US CLOs: Exposure to Ply Gem/Pisces Midco/Cornerstone Building term loans

The US CLOs’ overall exposure to the Ply Gem/Pisces Midco/Cornerstone Building term loans is sizable at around USD 2.4 billion. As of 17 December 2025, 1,320 US CLO deals (from 81 managers) reported an average deal-level exposure of around 52 bps.

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