Report
PGIM reportedly anchored a CLO limiting AI-related debt to a 15% share
Bloomberg, citing people familiar with the matter, reports that PGIM was the anchor investor in a recent collateralized loan obligation with the AI-related debt cap. PGIM is Prudential Financial’s asset management arm.
TLDR
Bloomberg reports, citing people familiar with the matter, that PGIM was the anchor investor in a recent collateralized loan obligation with a safeguard capping the share of AI-related debt at 15%.
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