Adagio X EUR CLO DAC (2nd Refinancing): 29 June 2025
The assets securing the Notes will consist predominantly of a portfolio of Secured Senior Loans and Secured Senior Bonds, Mezzanine Obligations, Corporate Rescue Loans, Loss Mitigation Obligations and High Yield Bonds, and will be managed by AXA Investment Managers US Inc.
On 18 November 2022 (the Original Issue Date) Adagio X EUR CLO issued Class A Senior Secured Floating Rate Notes due 2036, Class B-1 Senior Secured Floating Rate Notes due 2036, Class B-2 Senior Secured Fixed Rate Notes due 2036, Class C Deferrable Mezzanine Floating Rate Notes due 2036, Class D Deferrable Mezzanine Floating Rate Notes due 2036, Class E Deferrable Junior Floating Rate Notes due 2036, Class F Deferrable Junior Floating Rate Notes due 2036, Class Z Deferrable Junior Floating Rate Notes due 2036 and Subordinated Notes due 2036.
On 21 November 2023 (the 2023 Refinancing Date) the Issuer refinanced the Original Refinanced Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2037, Class B-1R Senior Secured Floating Rate Notes due 2037, Class B-2R Senior Secured Fixed Rate Notes due 2037, Class C-R Deferrable Mezzanine Floating Rate Notes due 2037, Class D-R Deferrable Mezzanine Floating Rate Notes due 2037, Class E-R Deferrable Junior Floating Rate Notes due 2037, Class F-R Deferrable Junior Floating Rate Notes due 2037 and Class Z-R Deferrable Junior Floating Rate Notes due 2037.
On or about 24 June 2025 (the re-issue Date) the Issuer will, subject to certain conditions, refinance the 2023 Refinanced Debt by issuing Class A-R Senior Secured Floating Rate Notes due 2038, Class B-R Senior Secured Floating Rate Notes due 2038, Class C-R Deferrable Mezzanine Floating Rate Notes due 2038, Class D-R Deferrable Mezzanine Floating Rate Notes due 2038, Class E-R Deferrable Junior Floating Rate Notes due 2038, Class F-R Deferrable Junior Floating Rate Notes due 2038 and additional Subordinated Notes.
The Existing Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering. The Additional Subordinated Notes being offered and the Existing Subordinated Notes issued on the Original Issue Date shall form a single class of Subordinated Notes.