Jubilee CLO 2017-XIX B.V.: 22 December 2017

The assets securing the notes will consist predominantly of a portfolio of Secured Senior Loans, Secured Senior Bonds, Unsecured Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Alcentra Limited.

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: (x) denominated in Euro; or (y) denominated in a Qualifying Currency other than Euro; 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 has a S&P Rating of not lower than “CCC-” and a Moody’s Default Probability Rating of not lower than “Caa3” (in each case unless it is a Corporate Rescue Loan); it is not a Project Finance Loan; is purchased at a price not less than 60.0% of par.

The Issuer anticipates that, by the Issue Date, the Investment Manager on its behalf will have purchased or committed to purchase Collateral Debt Obligations, the Aggregate Principal Balance of which is approximately €378mln, representing approximately 84.00% of the Target Par Amount.

The notes will be offered by the Issuer through Citigroup Global Markets Limited in its capacity as Placement Agent of the offering.


CRR 405: The Retention Holder (the Investment Manager) will covenant and undertake in respect of the EU Retention Requirements to subscribe for, hold and retain, on an ongoing basis, for so long as any Class of Notes remains outstanding, not less than 5% of the outstanding nominal value of each Class of Notes within the meaning of paragraph 1(a) of Article 405 of the CRR, Article 51(1)(a) of the AIFMD and paragraph 2(a) of Article 254 and Article 256 of Solvency II.

US Retention Requirements: The Investment Manager, as Sponsor and as Retention Holder, has informed the Issuer that it will retain the Retention Notes in compliance with the US Retention Requirements.