Tikehau CLO II B.V.: 01 December 2016
As per the earlier Tikehau transaction, the assets securing the notes will consist of a portfolio of Senior Secured Loans, Senior Secured Bonds, Second Lien Loans, Mezzanine Obligations and High Yield Bonds and will be managed by Tikehau Capital Europe Limited.
The issuer anticipates that, by the issue date, it will have purchased or committed to purchase collateral debt obligations, the aggregate principal balance of which is equal to at least Eur273mln, which is approximately 68.0% of the target par amount.
Eligibility criteria (includes): it is a Senior Secured Loan, a Senior Secured Bond, a Senior Unsecured Obligation, a Corporate Rescue Loan, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond, a PIK Obligation, or a Bridge Loan; it is (i) denominated in Euro or (ii) denominated in a Qualifying Currency; it is not a lease; it is not a Structured Finance Security, pre-funded letter of credit or a Synthetic Security; it is not a Zero Coupon Obligation or Step-Down Coupon Security; it is not a Project Finance Loan.
CRR 405: The Retention Holder (TCE) will agree that for so long as any class of notes remains outstanding, it will subscribe for, on the issue date, and hold on an ongoing basis the Retention Notes with the intention of complying with the Retention Requirements.
Compare/contrast: Tikehau CLO I B.V.