Allegro CLO I LTD (Re-Issue): 04 February 2017
On the Original Closing Date, Allegro CLO I Ltd issued Class A-1 Senior Secured Floating Rate Notes, Class A-2 Senior Secured Floating Rate Notes, Class B Senior Secured Deferrable Floating Rate Notes, Class C Senior Secured Deferrable Floating Rate Notes, Class D Secured Deferrable Floating Rate Notes, Subordinated (A) Notes and Subordinated (B) Notes.
On 30 January 2017, the Co-Issuers will refinance the Class A-1 Notes, the Class A-2 Notes and the Class B Notes. The Class C Notes, the Class D Notes and the Subordinated Notes are not being refinanced. Other than the interest rates of the Replacement Notes, all other legal and economic terms of the Replacement Notes will be the same as the Refinanced Notes.
As per the original transaction, the Issuer's investment portfolio consists primarily of debt obligations (specifically, interests in bank loans acquired by way of sale or assignment) and Participation Interests. The portfolio is managed by AXA Investment Managers, Inc.
Morgan Stanley & Co LLC expects to offer the Replacement Notes in individually negotiated transactions.