CVC Cordatus Loan Fund III Limited (Re-Issue 2018): 25 June 2018
The assets securing the Notes will consist of a portfolio of Senior Secured Loans, Senior Secured Bonds, Second Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by CVC Credit Partners Group Limited.
On 8 May 2014 (the Original Issue Date), CVC Cordatus Loan Fund III issued Class A-1 Senior Secured Floating Rate Notes due 2027, Class A-2 Senior Secured Fixed Rate Notes due 2027, Class B-1 Senior Secured Floating Rate Notes due 2027, Class B-2 Senior Secured Fixed Rate Notes due 2027, Class C-1 Senior Secured Deferrable Floating Rate Notes due 2027, Class C-2 Senior Secured Deferrable Fixed Rate Notes due 2027, Class D Senior Secured Deferrable Floating Rate Notes due 2027, Class E Senior Secured Deferrable Floating Rate Notes due 2027, Class F Senior Secured Deferrable Floating Rate Notes due 2027 and Subordinated Notes due 2027.
On 16 December 2016 (the "2016 Refinancing Date"), the Issuer refinanced the Original Class A-1 Notes, the Original Class A-2 Notes, the Original Class B-1 Notes, the Original Class B-2 Notes, the Original Class C-1 Notes and the Original C-2 Notes.
On 20 June 2018 (the Issue Date), the Issuer will apply sale proceeds received in respect of a deed of sale dated on or about the Issue Date between the Issuer and Citibank Europe PLC, UK Branch, pursuant to which the Issuer is expected to sell all or substantially all of the Collateral Debt Obligations held by it prior to the Issue Date to redeem the Existing Notes, and will issue Class X Senior Secured Floating Rate Notes due 2032, Class A-1 Senior Secured Floating Rate Notes due 2032, Class A-2 Senior Secured Fixed Rate Notes due 2032, Class B-1 Senior Secured Floating Rate Notes due 2032, Class B-2 Senior Secured Fixed Rate Notes due 2032, Class C Senior Secured Deferrable Floating Rate Notes due 2032, Class D Senior Secured Deferrable Floating Rate Notes due 2032, Class E Senior Secured Deferrable Floating Rate Notes due 2032, and Class F Senior Secured Deferrable Floating Rate Notes due 2032, together with the Subordinated Notes (as amended by the Supplemental Trust Deed). The Existing Notes will be redeemed in full on the Issue Date from such sale proceeds received pursuant to the Sale Agreement. The Subordinated Notes will not be redeemed and will remain outstanding from and after the Issue Date.