OZLME B.V: 16 December 2016

The assets securing the notes will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Och-Ziff Europe Loan Management Limited.

The Collateral Manager is an affiliate of Och-Ziff Capital Management Group LLC and is one of the largest institutional alternative asset managers in the world, with approximately $37.1 billion in assets under management as of 1 December 2016.

Eligibility criteria (includes): it is a Secured Senior Obligation, a Corporate Rescue Loan, an Unsecured Senior Obligation, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond; it is (i) denominated in Euro or (ii) is denominated in a Qualifying Currency other than Euro; it is not a Defaulted Obligation or a Credit Risk Obligation; it is not a lease; it is not a Structured Finance Security, a Letter of Credit or a Synthetic Security; it is not a Zero Coupon Security; it is not a Project Finance Loan; it has a minimum purchase price of 60.0% of the par value.

The issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Collateral Obligations the Aggregate Principal Balance of which is equal to at least €260mln, which is approximately 65.0% of the Target Par Amount.

The notes (other than the Retention Notes) are being offered by the issuer through Merrill Lynch International in its capacity as initial purchaser of the offering of such notes.


CRR 405: Och-Ziff Europe Loan Management Limited shall act as Retention Holder for the purposes of the Retention Requirements. Under the Retention Undertaking Letter, the Retention Holder will, for so long as any notes are outstanding: (a) undertake to, on the Issue Date, subscribe for and (except to the extent permitted in accordance with the Retention Requirements) hold on an ongoing basis the Retention Notes; (b) agree not to sell, hedge or otherwise mitigate its credit risk under or associated with the Retention Notes, except to the extent permitted in accordance with the Retention Requirements.