Bilbao CLO II DAC (2nd Refinance): 23 February 2026
The assets securing the Notes will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Guggenheim Partners Europe Limited.
On the Original Issue Date (17 April 2019) Bilbao CLO II DAC issued Class X Senior Secured Floating Rate Notes due 2032, Class A-1A Senior Secured Floating Rate Notes due 2032, Class A-1B Senior Secured Fixed Rate Notes due 2032, Class A-2A Senior Secured Floating Rate Notes due 2032, Class A-2B Senior Secured Fixed Rate Notes due 2032, Class B Senior Secured Deferrable Floating Rate Notes due 2032, Class C Senior Secured Deferrable Floating Rate Notes due 2032, Class D Senior Secured Deferrable Floating Rate Notes due 2032, Class S-1 Notes due 2032 and Class S-2 Notes due 2032.
On the First Reset Date (29 July 2021) the Issuer refinanced the Original Rated Notes by issuing Class X Senior Secured Floating Rate Notes due 2035, Class A-1 Senior Secured Floating Rate Notes due 2035, Class A-2A Senior Secured Floating Rate Notes due 2035, Class A-2B Senior Secured Fixed Rate Notes due 2035, Class B Senior Secured Deferrable Floating Rate Notes due 2035, Class C Senior Secured Deferrable Floating Rate Notes due 2035 and Class D Senior Secured Deferrable Floating Rate Notes due 2035, and also made certain amendments to the Subordinated Notes.
On or about the Re-issue Date (20 February 2026) the Issuer will, subject to the satisfaction of certain conditions, refinance the Rated Notes by issuing Class X Senior Secured Floating Rate Notes due 2040, Class A-1-R-R Senior Secured Floating Rate Notes due 2040, Class A-2A-R-R Senior Secured Floating Rate Notes due 2040, Class A-2B-R-R Senior Secured Fixed Rate Notes due 2040, Class B-R-R Senior Secured Deferrable Floating Rate Notes due 2040, Class C-R-R Senior Secured Deferrable Floating Rate Notes due 2040, Class D-R-R Senior Secured Deferrable Floating Rate Notes due 2040 and Class E-R-R Senior Secured Deferrable Floating Rate Notes due 2040.
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 Jefferies International Limited in its capacity as placement agent of the Refinancing Notes.