Avoca CLO XVII DAC (3rd Refinance): 24 August 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 8 December 2016 (the Original Issue Date) Avoca CLO XVII issued Class A-1 Senior Secured Floating Rate Notes due 2030, Class A-2 Senior Secured Fixed Rate Notes due 2030, Class B Senior Secured Floating Rate Notes due 2030, Class C Deferrable Mezzanine Floating Rate Notes due 2030, Class D Deferrable Mezzanine Floating Rate Notes due 2030, Class E Deferrable Junior Floating Rate Notes due 2030, Class F Deferrable Junior Floating Rate Notes due 2030 and Subordinated Notes due 2030.
On 15 October 2019 (the 2019 Refinancing Date) the Issuer refinanced the Notes by issuing Class X Senior Secured Floating Rate Notes due 2032, Class A-R Senior Secured Floating Rate Notes due 2032, Class B-1R Senior Secured Fixed Rate Notes due 2032, Class B-2R Senior Secured Floating Rate Notes due 2032, Class C-R Deferrable Mezzanine Floating Rate Notes due 2032, Class D-R Deferrable Mezzanine Floating Rate Notes due 2032, Class E-R Deferrable Junior Floating Rate Notes due 2032 and Class F-R Deferrable Junior Floating Rate Notes due 2032. The Issuer also issued additional Subordinated Notes due 2032.
On 9 February 2022 (the 2022 Refinancing Date) the Issuer refinanced certain of the 2019 Rated Refinancing Notes by issuing Class A-R-R Senior Secured Floating Rate Notes due 2032, Class B-1-R-R Senior Secured Floating Rate Notes due 2032, Class B-2-R-R Senior Secured Fixed Rate Notes due 2032, Class C-R-R Deferrable Mezzanine Floating Rate Notes due 2032 and Class D-R-R Deferrable Mezzanine Floating Rate Notes due 2032.
On or about 19 August 2025 (the Re-issue Date) 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-R-R Senior Secured Floating Rate Notes due 2038, Class B-1-R-R Senior Secured Floating Rate Notes due 2038, Class B-2-R-R Senior Secured Fixed 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 Subordinated Notes were issued on the Original Issue Date and further additional Subordinated Notes due 2032 were issued on the 2019 Refinancing Date. The Subordinated Notes are not being offered pursuant to this Offering.