Man GLG Euro CLO II Limited: 17 December 2016

The assets securing the notes will consist predominantly of a portfolio of Secured Senior Loans, Secured Senior Bonds, Unsecured Senior Obligations, Mezzanine Obligations, High Yield Bonds, Corporate Rescue Loans and Second Lien Loans, and will be managed by GLG Partners LP.

Eligibility criteria (includes): it is a Secured Senior Loan, a Secured Senior Bond, a Corporate Rescue Loan, an Unsecured Senior Obligation, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond; it is either: denominated in Euro or denominated in a Qualifying Currency; it is not a lease; it is not a Structured Finance Security, a pre-funded letter of credit or a Synthetic Security; it is not a Zero Coupon Security; it is an obligation of an Obligor or Obligors Domiciled in a Non-Emerging Market Country (as determined by the Investment Manager acting on behalf of the Issuer); it is not a Project Finance Loan; the purchase price of such obligation is not less than 60% of the outstanding principal balance.

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 will equal or exceed approximately €245mln (representing approximately 70.0% of the Target Par Amount).


CRR 405: The Retention Notes will be subscribed for by the Investment Manager as “originator” on the Issue Date and, pursuant to the Investment Management and Collateral Administration Agreement, the Investment Manager, in its capacity as Retention Holder, will undertake to retain the Retention Notes in order to comply with the retention requirements.