Gateway CLO Limited

Gateway CLO is a $500 million collateralized loan obligation that originally closed in October 2007. We were selected as the replacement manager and subsequently renamed the deal in October 2009. Upon transfer, the capital structure had delevered to $454 million and performing collateral totalled $482.5 million. The Gateway portfolio is mainly invested in U.S. leveraged bank loans, with a non-senior-secured loan allocation of 10%.

Closing Date   October 25, 2007
Manager Replacement Date   October 9, 2009
Distribution Date   January, April, July, October 14
End of Non-Call Period   n/a
End of Reinvestment Period   October 14, 2013
Maturity Date   October 14, 2021
Type
Cash Flow CLO

Underwriter
Wachovia Capital Markets

Rating Agencies
Moody's, S&P

Trustee
Bank of New York

Portfolio Manager
Joe Lemanowicz

CDO Analyst
Renée Gallizzo
+1 973 802 4204





  Tranche   Initial Ratings   Ratings on Replacement Date   Current Ratings   Original Principal Amount ($)   Balance on Replacement Date ($)   Balance After 10/14/09 Payment Date($)   Interest Rate  
  Class A Notes   N/A  N/A  N/A  451,955,000 442,204,780 438,403,376   3M LIBOR + 0.85%  
  Class B Notes   Ba2/BB  C/BB/neg  C/CCC-  15,000,000 15,678,373 15,000,000   3M LIBOR + 7.75%  
  Subordinated Notes   NR  NR  NR  34,225,000 34,225,000 34,225,000   Excess Interest  
Total         501,180,000   492,108,153   487,628,376    
  NR = not rated, N/A = not applicable






Prudential Investment Management is the primary asset management business of Prudential Financial, Inc. Prudential Fixed Income is Prudential Investment Management's largest public fixed income asset management unit and operates through Prudential Investment Management, Inc. (PIM), a registered investment advisor. Prudential Financial and the Rock logo are registered service marks of The Prudential Insurance Company of America and its affiliates.