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OZLME III B.V.: 12 December 2017

The third in the series (OZLME III) of Euro-denominated managed cash flow CLOs from Och-Ziff Europe Loan Management Limited, which will direct the selection, acquisition and disposition of collateral on behalf of the issuer. The issued notes are collateralised primarily by broadly syndicated first lien senior secured corporate loans.

At least 90% of the portfolio must consist of senior secured loans, senior secured bonds and eligible investments, and up to 10% of the portfolio may consist of second lien loans, unsecured loans, mezzanine obligations and high yield bonds.

After the reinvestment period, which ends in February 2022, the Manager may reinvest unscheduled principal payments and proceeds from sales of credit risk and credit improved obligations, subject to certain restrictions.