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US CLOs: Exposure to Central Parent (ADP/CDK Global) Term Loan

US CLOs’ aggregate exposure to the Central Parent (ADP/CDK Global) term loan stands at approximately USD 2.4 billion, ranking it as the 51st largest underlying exposure across the US CLO universe. As of 12 February 2026, across 1,250 US CLO deals managed by 76 managers, the average deal-level exposure stands at approximately 36 bps.

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