Carlyle Euro CLO 2022-5 DAC (2nd Refinance): 31 October 2025
The assets securing the Debt will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, managed by Carlyle CLO Management Europe LLC.
On 25 October 2022 (the Original Issue Date) Carlyle Euro CLO 2022-5 DAC (formerly Trocadero Funding DAC) issued Class A-1 Senior Secured Floating Rate Notes due 2035, Class A-2 Senior Secured Floating Rate Notes due 2035, Class B Senior Secured Deferrable Floating Rate Notes due 2035, Class C Senior Secured Deferrable Floating Rate Notes due 2035, Class D Senior Secured Deferrable Floating Rate Notes due 2035, Class E Senior Secured Deferrable Floating Rate Notes due 2035, S-1 Subordinated Notes due 2035 and S-2 Subordinated Notes due 2035.
On 25 April 2024 (the 2024 Refinancing Date) the Issuer refinanced the Original Notes by issuing Class A-1-R Senior Secured Floating Rate Notes due 2037, Class A-2-R Senior Secured Floating Rate Notes due 2037, Class B-R Senior Secured Deferrable Floating Rate Notes due 2037, Class C-R Senior Secured Deferrable Floating Rate Notes due 2037, Class D-R Senior Secured Deferrable Floating Rate Notes due 2037 and Class E-R Senior Secured Deferrable Floating Rate Notes due 2037. The Original Subordinated Notes were consolidated into and exchanged for a single series of Subordinated Notes on the 2024 Refinancing Date.
On 28 October 2025 (the Re-issue Date) the Issuer will refinance the Refinanced Debt by, subject to certain conditions, issuing Class A-1-R-R Senior Secured Floating Rate Notes due 2038, Class A-2-R-R Senior Secured Floating Rate Notes due 2038, Class B-R-R Senior Secured Deferrable Floating Rate Notes due 2038, Class C-R-R Senior Secured Deferrable Floating Rate Notes due 2038, Class D-R-R Senior Secured Deferrable Floating Rate Notes due 2038 and Class E-R-R Senior Secured Deferrable Floating Rate Notes due 2038.
The Existing Subordinated Notes had a principal amount outstanding of €29,950,000 prior to the Issue Date and are not being offered pursuant to this Offering.