Arbour CLO II Ltd (2nd Refinancing): 18 June 2021
The assets securing the Notes will consist of a portfolio of primarily Senior Loans, Secured Senior Bonds, Mezzanine Obligations and High Yield Bonds, and will be managed by Oaktree Capital Management (UK) LLP.
On 15 January 2015 (the Original Issue Date) Arbour CLO II issued Class A-1 Senior Secured Fixed Rate Notes due 2028, Class A-2 Senior Secured Floating Rate Notes due 2028, Class B-1 Senior Secured Fixed Rate Notes due 2028, Class B-2 Senior Secured Floating Rate Notes due 2028, Class C-1 Senior Secured Deferrable Fixed Rate Notes due 2028, Class C-2 Senior Secured Deferrable Floating Rate Notes due 2028, Class D Senior Secured Deferrable Floating Rate Notes due 2028, Class E Senior Secured Deferrable Floating Rate Notes due 2028, Class F Senior Secured Deferrable Floating Rate Notes due 2028 and Subordinated Notes due 2028.
On 15 May 2017 (the 2017 Issue Date) the Issuer refinanced in whole each of the Original Class A Notes, the Original Class B Notes, the Original Class C Notes, the Original Class D Notes, the Original Class E Notes and the Original Class F Notes.
On or about 15 June 2021 (the re-Issue Date) the Issuer will, subject to the satisfaction of certain conditions, refinance in whole each of the 2017 Class A Notes, the 2017 Class B Notes, the 2017 Class C Notes, the 2017 Class D Notes, the 2017 Class E Notes and the 2017 Class F Notes.
Note, the Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this refinancing.
The Notes are being offered by the Issuer through BNP Paribas in its capacity as lead manager, arranger and initial purchaser of the offering of such Offered Notes subject to prior sale.
EU Risk Retention: The Collateral Manager shall act as Retention Holder and will continue to retain a material net economic interest in the transaction which will be comprised of a first loss tranche by holding in its own name and on its own account on an on-going basis, for so long as any Class of Notes remains outstanding, Subordinated Notes with a Principal Amount Outstanding such that the aggregate purchase price thereof equals no less than 5% of the Target Par Retention Amount.