Euro-Galaxy VII CLO (Refinance): 22 May 2021
The assets securing the Notes will consist primarily of a portfolio of Secured Senior Loans, Secured Senior Bonds, Corporate Rescue Loans, Unsecured Senior Obligations, Mezzanine Obligations, Second Lien Loans, High Yield Bonds, PIK Obligations and Bridge Loans, and will be managed by PineBridge Investments Europe Limited.
On 25 April 2019 (the Original Issue Date) Euro-Galaxy VII CLO DAC issued 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 Senior Secured Floating 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, Class F Senior Secured Deferrable Floating Rate Notes due 2032, Class Z Notes due 2032 and Subordinated Notes due 2032.
The Issuer will issue on or about 20 May 2021 Class A Senior Secured Floating Rate Notes due 2035, Class B-1 Senior Secured Floating Rate Notes due 2035, Class B-2 Senior Secured Fixed Rate Notes due 2035, Class C Senior Secured Deferrable Floating Rate Notes due 2035, Class D Senior Secured Deferrable Floating Rate Notes due 2035, Class E Senior Secured Deferrable Floating Rate Notes due 2035 and Class F Senior Secured Deferrable Floating Rate Notes due 2035.
The Offered Notes (other than the Retention Notes) will be offered by the Issuer through Citigroup Global Markets Limited in its capacity as placement agent of the offering of such Offered Notes subject to prior sale.
EU & UK Risk Retention: The Collateral Manager shall act as the Retention Holder for the purposes of the EU/UK Retention Requirements and will retain on an ongoing basis, for so long as any Class of Notes remains outstanding, a material net economic interest of not less than 5% of the nominal value of each Class of the Offered Notes (provided that the Class B-1 Notes and the Class B-2 Notes shall be treated as a single Class).
US Risk Retention: It should be assumed that no party involved in the transaction will obtain on the Issue Date and retain any Notes intended to satisfy the U.S. Risk Retention Rules.