Phoenix Park CLO Ltd (2nd re-financing): 02 November 2018
The assets securing the notes will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Blackstone / GSO Debt Funds Management Europe Limited.
On 24 July 2014 (the Original Issue Date) Phoenix Park CLO issued Class A-1 Senior Secured Floating Rate Notes due 2027, Class A-2 Senior Secured Floating Rate Notes due 2027, Class B Senior Secured Deferrable Floating Rate Notes due 2027, Class C Senior Secured Deferrable Floating Rate Notes due 2027, Class D Senior Secured Deferrable Floating Rate Notes due 2027, Class E Senior Secured Deferrable Floating Rate Notes due 2027 and Subordinated Notes due 2027.
On 30 January 2017 (the 2017 Refinancing Date) the Issuer refinanced the Original Class A-1 Notes, the Original Class A-2 Notes and the Original Class B Notes by issuing Class A-1 Senior Secured Floating Rate Notes due 2027, Class A-2 Senior Secured Floating Rate Notes due 2027 and Class B Senior Secured Deferrable Floating Rate Notes due 2027. These Refinanced Notes together with the Subordinated Notes were referred to as the “2017 Notes”.
On or about 30 October 2018 (the 2nd re-issue Date), the Issuer will, subject to certain conditions, redeem the Refinanced Notes and issue Class X Senior Secured Floating Rate Notes due 2031, Class A-1A Senior Secured Floating Rate Notes due 2031, Class A-1B Senior Secured Floating Rate Notes due 2031, Class A-2A1 Senior Secured Floating Rate Notes due 2031, Class A2A2 Senior Secured Floating Rate Notes due 2031, Class A-2B Senior Secured Fixed Rate Notes due 2031, Class B-1 Senior Secured Deferrable Floating Rate Notes due 2031, Class B-2 Senior Secured Deferrable Floating Rate Notes due 2031, Class C Senior Secured Deferrable Floating Rate Notes due 2031, Class D Senior Secured Deferrable Floating Rate Notes due 2031 and Class E Senior Secured Deferrable Floating Rate Notes due 2031. The Offered Notes together with the Subordinated Notes shall be referred to as the “Notes”. The Refinanced Notes will be redeemed in full on the Issue Date following the liquidation of certain of the collateral securing the 2017 Notes.