Halcyon Loan Advisors European Funding 2016: 21 December 2016

The assets securing the notes will consist of a portfolio of primarily Senior Loans, Secured Senior Bonds, High Yield Bonds and Mezzanine Obligations, and will be managed by Halcyon Loan Advisors (UK) LLP.

Eligibility criteria (includes): it is a Secured Senior Loan, a Corporate Rescue Loan, an Unsecured Senior Loan, a Mezzanine Loan or a Second Lien Loan or a High Yield Bond; it is either denominated in Euros or denominated in a Qualifying Currency; it is not a Structured Finance Security or a Synthetic Security; it is not a lease; it is not a Zero Coupon Obligation; it is not a Letter of Credit; other than in the case of Corporate Rescue Loans, it is an obligation which has a Moody’s Rating of "Caa3" or higher and an S&P Rating of "CCC" or higher; it is not a Project Finance Loan; it is not a Step-Down Coupon Obligation or a Step-Up Coupon Obligation.

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 €195mln, which is approximately 60.0% of the Target Par Amount.

Citigroup Global Markets Limited will be the initial purchaser of the Notes.


CRR 405: In accordance with the Retention Requirements, the Collateral Manager, in its capacity as the Retention Holder, will undertake to subscribe from the Placement Agent and retain a material net economic interest of not less than 5% of the Principal Amount Outstanding of each Class of Notes.