Adagio CLO V (Refinancing): 19 October 2018

A re-financing of the earlier Adagio V transaction Class A Notes, Class B Notes, Class C Notes, Class D Notes, Class E Notes and Class F Notes due 2029, which originally closed on 15th September 2016. On the original closing date the issuer also issued Eur37.8mln of subordinated notes, which will remain outstanding. However, the terms and conditions of the subordinated notes have been amended in accordance with the refinancing notes' conditions.

As per the original transaction, AXA IM will manage the collateral pool of the CLO and will direct the selection, acquisition and disposition of collateral on behalf of the Issuer and may engage in trading activity, including discretionary trading.

As part of this reset, the issuer has set the reinvestment period to 4.25 years and the WA life to 8.5 years.