Anchorage Capital Europe CLO 1: 29 July 2018

A managed cash flow CLO, arranged by Barclays Bank, where Anchorage Capital Group, L.L.C will act as the collateral manager. Anchorage Capital Group, L.L.C. is a New York-based registered investment adviser founded in 2003. The firm manages private investment funds across the credit, special situations and illiquid investment markets of North America and Europe using an active long and short basis, with particular focus on defaulted and leveraged issuers.

Eligibility criteria (includes): at least 90% of the portfolio must consist of senior secured loans and senior secured bonds; up to 10% of the portfolio may consist of unsecured senior loans, second-lien loans, mezzanine obligations and high yield bonds.

The portfolio is expected to be at least 60% ramped up as of the closing date and to be comprised predominantly of corporate loans to obligors domiciled in Western Europe. The transaction will feature a four-year reinvestment period.