Arini European CLO VII DAC: 09 November 2025
The assets securing the Debt primarily consist of a portfolio of Secured Senior Loans, Secured Senior Bonds, Unsecured Senior Obligations, Mezzanine Obligations, Second Lien Loans, Corporate Rescue Loans and High Yield Bonds managed by Arini Loan Management US LLC.
Eligibility criteria (includes): it is a Secured Senior Loan, a Secured Senior Bond, a Corporate Rescue Loan, an Unsecured Senior Obligation, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond; it is not a Structured Finance Security or a Synthetic Security; other than in the case of Corporate Rescue Loans or Uptier Priming Debt, it is an obligation which has a Fitch Rating of “CCC-” or higher and a S&P Rating of “CCC-” or higher; it has not been called for, and is not subject to a pending, redemption; it is not a Project Finance Loan; it is an obligation of an Obligor or Obligors Domiciled in a Non-Emerging Market Country (as determined by the Collateral Manager acting on behalf of the Issuer); the minimum purchase price of the Collateral Obligation is 60.0% of the Principal Balance of such Collateral Obligation.
On or about 7 November 2025 Arini European CLO VII will issue Class A Senior Secured Floating Rate Notes due 2039, Class B Senior Secured Floating Rate Notes due 2039, Class C Senior Secured Deferrable Floating Rate Notes due 2039, Class D Senior Secured Deferrable Floating Rate Notes due 2039, Class E Senior Secured Deferrable Floating Rate Notes due 2039, Class F Senior Secured Deferrable Floating Rate Notes due 2039 and Subordinated Notes due 2039.
The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Collateral Obligations the Aggregate Principal Balance of which is equal to at least €543mln, which is approximately 89.0% of the Target Par Amount.
EU & UK Risk Retention: Arini Loan Management will act as Retention Holder. In such capacity, for the purposes of the EU/UK Retention Requirements, the originator, sponsor or original lender will retain, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation in accordance with the applicable EU/UK Retention Requirement.
US Risk Retention: The Retention Holder will retain the US Retained Interest in compliance with the US Risk Retention Rules and such that the US Retained Interest satisfies the requirements for retaining an “eligible vertical interest” under the US Risk Retention Rules.