Taurus 2019-2 UK DAC: 26 September 2019
The Issuer will make payments on the Notes from payments of principal and interest received by the Issuer under loans advanced by the Loan Seller to the Borrowers pursuant to the Senior Facility Agreement. On the Closing Date, the Issuer will acquire an approximately 92.1 % interest in the Senior Loan pursuant to the Loan Sale Documents.
The Senior Loan will be secured by, among other things, a portfolio of logistics and industrial properties located throughout England and Scotland.
Please note, these assets were previously securitised in Taurus 2017-2.
EU Risk Retention: For the purposes of satisfying US and EU risk retention requirements, Bank of America Merrill Lynch International (the "Retaining Sponsor" and the "Issuer Lender") will, pursuant to the Issuer Loan Agreement, advance a sterling loan to the Issuer on the Closing Date. As at the Closing Date, the principal amount of the Issuer Loan will be equal to £19,263,947, being equal to not less than 5% of the sum of (i) the aggregate principal amount outstanding of the Notes and (ii) the principal amount of the Issuer Loan on the Closing Date.
US Risk Retention: see above