Avoca CLO XVIII PLC: 25 May 2018

The assets securing the notes will consist of a portfolio of senior loans, secured senior bonds, corporate rescue loans, mezzanine obligations and high yield bonds, and will be managed by KKR Credit Advisors.

The issuer (or the investment manager on its behalf) has purchased or entered into certain agreements to purchase a substantial portion of the portfolio on or prior to the issue date.

The notes will be offered by the issuer through Barclays Bank PLC in its capacity as initial purchaser of the offering.


CRR 405: The Investment Manager, in its capacity as Retention Holder, will retain the retention for so long as any class of rated notes remains outstanding.

US Risk Retention: As per LSTA Opinion, the US Risk Retention rules will not apply to this transaction.