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Fitch to Rate ALM XVI, Ltd./LLC; Issues Presale Report

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings expects to assign the following rating to ALM XVI, Ltd/LLC: --$715,000,000 class A-1 senior secured floating rate notes 'AAAsf'; Outlook Stable. Fitch does not expect to rate the class A-2, B, C-1, C-2, D, E, preferred shares or the delayed-draw notes corresponding to each class. TRANSACTION SUMMARY ALM XVI, Ltd. and ALM XVI, LLC (together, ALM XVI, or the issuer) comprise an arbitrage cash flow collateralized loan obligation (CLO) that will be managed by

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