Madison Park Euro Funding XIV: 16 July 2019

A cashflow CLO transaction, which will be managed by Credit Suisse Asset Management Limited, and where the CLO is backed by a portfolio of non-investment-grade broadly syndicated loans and other assets that the manager purchases from and will trade in the primary and secondary markets.

Asset concentrations (include): Secured senior obligations, eligible investments – 90% min; Unsecured senior obligations, second lien loans, mezzanine obligations and/or high yield bonds – 10% max; Fixed-rate assets – 12.5% max; Cov-lite loans – 35% max; Caa assets – 7.5% max; Corporate rescue loans – 5% max; Collateral debt obligations of the ten obligors with the highest aggregate principal balance – 20%; PIK securities and partial deferrable securities – 2.5% max; Non-Euro obligations – 20% max; leases & project finance loans – prohibited.

As of the closing date, it is anticipated that the manager will have invested approximately 70% of the issuance proceeds.