Avoca CLO XV DAC (2nd Refinance): 14 June 2025
The assets securing the Notes will consist primarily 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 (Ireland) Unlimited Company.
On 5 November 2015 (the Original Issue Date) Avoca CLO XV issued Class A-1 Senior Secured Fixed Rate Notes due 2029, Class A-2 Senior Secured Floating Rate Notes due 2029, Class B-1 Senior Secured Fixed Rate Notes due 2029, Class B-2 Senior Secured Floating Rate Notes due 2029, Class C Deferrable Mezzanine Floating Rate Notes due 2029, Class D Deferrable Mezzanine Floating Rate Notes due 2029, Class E Deferrable Junior Floating Rate Notes due 2029, Class F Deferrable Junior Floating Rate Notes due 2029, Class M-1 Subordinated Notes due 2029 and Class M-2 Subordinated Notes due 2029.
On 20 February 2018 (the "2018 Refinancing Date") the Issuer refinanced the 2015 Notes by issuing Class X Senior Secured Floating Rate Notes due 2031, Class A-R Senior Secured Floating Rate Notes due 2031, Class B-1-R Senior Secured Fixed Rate Notes due 2031, Class B-2-R Senior Secured Floating Rate Notes due 2031, Class C-R Deferrable Mezzanine Floating Rate Notes due 2031, Class D-R Deferrable Mezzanine Floating Rate Notes due 2031, Class E-R Deferrable Junior Floating Rate Notes due 2031 and Class F-R Deferrable Junior Floating Rate Notes due 2031.
On or about 11 June 2025 the Issuer will, subject to the satisfaction of certain conditions, refinance the Notes by issuing Class X-R Senior Secured Floating Rate Notes due 2038, Class A-1-R-R Senior Secured Floating Rate Notes due 2038, Class A-2-R-R Senior Secured Floating Rate Notes due 2038, Class B-R-R Senior Secured Floating Rate Notes due 2038, Class C-R-R Deferrable Mezzanine Floating Rate Notes due 2038, Class D-R-R Deferrable Mezzanine Floating Rate Notes due 2038, Class E-R-R Deferrable Junior Floating Rate Notes due 2038 and Class F-R-R Deferrable Junior Floating Rate Notes due 2038.
The Class M-1 & M-2 Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering.