Ares European CLO XVI DAC (2nd Refinance): 20 February 2026
The assets securing the Notes will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Ares Management Limited.
On 30 November 2022 (the Original Issue Date) Ares European CLO XVI DAC issued Class X Senior Secured Floating Rate Notes due 2035, Class A Senior Secured Floating Rate Notes due 2035, Class B-1 Senior Secured Floating Rate Notes due 2035, Class B-2 Senior Secured Fixed 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, Class F Senior Secured Deferrable Floating Rate Notes due 2035 and Subordinated Notes due 2035.
On 30 May 2024 (the 2024 Refinancing Date) the Issuer refinanced the 2022 Rated Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2037, Class B-1-R Senior Secured Floating Rate Notes due 2037, Class B-2-R Senior Secured Fixed 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, Class E-R Senior Secured Deferrable Floating Rate Notes due 2037 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2037.
On 18 February 2026 (the Re-issue Date) the Issuer will, subject to certain conditions, refinance in whole each Class of the 2024 Refinanced Debt by issuing Class X-RR Senior Secured Floating Rate Notes due 2038, Class A-RR Senior Secured Floating Rate Notes due 2038, Class B-RR Senior Secured Floating Rate Notes due 2038, Class C-RR Senior Secured Deferrable Floating Rate Notes due 2038, Class D-RR Senior Secured Deferrable Floating Rate Notes due 2038, Class E-RR Senior Secured Deferrable Floating Rate Notes due 2038 and Class F-RR Senior Secured Deferrable Floating Rate Notes due 2038.
The Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering.
The Refinancing Notes are being offered by the Issuer through Merrill Lynch International in its capacity as arranger and initial purchaser of such Refinancing Notes.