Sorrento Park CLO Ltd (Refinancing 2017): 19 May 2017
On 16 October 2014 (the Original Closing Date) Sorrento Park CLO issued Class A-1A Notes, Class A-1B Notes, Class A-2A Notes, Class A-2B Notes, Class B Notes, Class C Notes, Class D Notes, Class E Notes and Subordinated Notes.
On or about 16 May 2017 (the Refinancing Date) the Issuer will, subject to certain conditions, refinance the Original Class A-1A Notes, the Original Class A-1B Notes, the Original Class A-2A Notes, the Original A-2B Notes, the Original Class B Notes and the Original Class C Notes.
The assets securing the Refinancing Notes will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Blackstone / GSO Debt Funds Management Europe Limited.
The Collateral Manager does not intend to retain at least 5% of the credit risk of the Issuer as contemplated under the U.S. Risk Retention Rules in connection with the Refinancing and the offer and sale of the Refinancing Notes.