Blackrock European CLO XIII DAC (Refinance): 23 July 2025
The assets securing the Refinancing Debt will consist of a portfolio primarily of Senior Loans, Senior Secured Bonds, Mezzanine Obligations and High Yield Bonds, and will be managed by BlackRock Investment Management (UK) Limited.
On 1 June 2022 (the Original Issue Date) BlackRock European CLO XIII issued Class A-1 Senior Secured Floating Rate Notes due 2034, Class A-2 Senior Secured Floating Rate Notes due 2034, Class B Senior Secured Floating Rate Notes due 2034, Class C Senior Secured Deferrable Floating Rate Notes due 2034, Class D Senior Secured Deferrable Floating Rate Notes due 2034, Class E Senior Secured Deferrable Floating Rate Notes due 2034, Class F Senior Secured Deferrable Floating Rate Notes due 2034 and Subordinated Notes due 2034.
On or about 21 July 2025 (the re-issue Date) the Issuer will, subject to the satisfaction of certain conditions, refinance the Notes by issuing Class X 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 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2038. The Issuer will also issue additional Subordinated Notes due 2038.
The Class A Loan is not being offered herein and references to the Class A Loan are included in this Offering for information purposes only. The amount of the Class A Loan is the total commitment on the Issue Date.
The Existing Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €35,200,000 and are not being offered pursuant to this Offering. The Additional Subordinated Notes being offered pursuant to this Offering Circular and the Existing Subordinated Notes issued on the Original Issue Date shall form a single class of Subordinated Notes.