Providus CLO IX DAC (Refinance): 23 June 2025
The assets securing the Notes will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Permira European CLO Manager LLP.
On 14 December 2023 (the Original Issue Date) Providus CLO IX issued Class X Senior Secured Floating Rate Notes due 2036, Class A Senior Secured Floating Rate Notes due 2036, Class B Senior Secured Floating Rate Notes due 2036, Class C Senior Secured Deferrable Floating Rate Notes due 2036, Class D Senior Secured Deferrable Floating Rate Notes due 2036, Class E Senior Secured Deferrable Floating Rate Notes due 2036, Class F Senior Secured Deferrable Floating Rate Notes due 2036 and Subordinated Notes due 2036.
On 20 June 2025 (the re-issue Date) the Issuer will, subject to certain conditions, refinance in whole each Class of the Notes by issuing Class X-R Senior Secured Floating Rate Notes due 2038, Class A-R Senior Secured Floating Rate Notes due 2038, Class B-R Senior Secured Floating Rate Notes due 2038, Class C-R Senior Secured Deferrable Floating Rate Notes due 2038, Class D-R Senior Secured Deferrable Floating Rate Notes due 2038, Class E-R Senior Secured Deferrable Floating Rate Notes due 2038, Class F-R Senior Secured Deferrable Floating Rate Notes due 2038 and additional Subordinated Notes due 2038, which shall form a single class of Subordinated Notes.
The Existing Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €27,400,000 and are not being offered pursuant to this Offering.