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Laurelin 2016-1 DAC (Refinance): 23 October 2018


The assets securing the notes will consist of a portfolio of primarily Senior Loans, Senior Secured Bonds, Mezzanine Obligations and High Yield Bonds, and will be managed by GoldenTree Asset Management LP.

On 21 July 2016 (the Original Issue Date) Laurelin 2016-1 issued Class A Senior Secured Floating Rate Notes due 2029, Class B Senior Secured Floating Rate Notes due 2029, Class C Senior Secured Deferrable Floating Rate Notes due 2029, Class D Senior Secured Deferrable Floating Rate Notes due 2029, Class E Senior Secured Deferrable Floating Rate Notes due 2029, Class F Senior Secured Deferrable Floating Rate Notes due 2029 and Subordinated Notes due 2029.

On or about 22 October 2018 (the re-issue date) the Issuer will, subject to certain conditions, refinance the notes by issuing Class X Senior Secured Floating Rate Notes due 2031, Class A-R Senior Secured Floating Rate Notes due 2031, Class B-1-R Senior Secured Floating Rate Notes due 2031, Class B-2-R Senior Secured Fixed Rate Notes due 2031, Class C-R Senior Secured Deferrable Floating Rate Notes due 2031, Class D-R Senior Secured Deferrable Floating Rate Notes due 2031, Class E-R Senior Secured Deferrable Floating Rate Notes due 2031, and Class F-R Senior Secured Deferrable Floating Rate Notes due 2031. The maturity date of the Subordinated Notes will be extended.