n-14 May-14 Sep-14 Jan-15 EFTA01479745 CLO Assets: New Issue Loan Spreads I New Issue Loan Spreads are Relatively Wide S&P LCD New Issue B+/B Spreads(1) L+200 L+250 L+300 L+350 L+400 L+450 L+500 L+550 L+600 Dec-99 Dec-00 Dec-01 Dec-02 Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Dec-