Cairn CLO VII B.V. (Refinance): 02 November 2019
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 Cairn Loan Investments LLP.
On 8 February 2017 (the Original Closing Date) Cairn CLO VII issued the Class A-1 Notes, Class A-2 Notes, Class B Notes, Class C Notes, Class D Notes, Class E Notes, Class F Notes, Class M-1 Notes, Class M2 Notes and Subordinated Notes.
On or about 31 October 2019 (the 2019 Refinancing Date) the Issuer will, subject to certain conditions, refinance the Original Class A-1 Notes and the Original Class C Notes by issuing Class A-1 Senior Secured Floating Rate Notes due 2030 and Class C Senior Secured Deferrable Floating Rate Notes due 2030.
The Refinancing Notes will be issued and secured (and certain amendments will be made to the Class A-2 Notes, the Class B Notes, the Class D Notes, the Class E Notes, the Class F Notes and the Subordinated Notes) pursuant to the Original Trust Deed as supplemented by a Supplemental Trust Deed.
The Class A-2 Notes, the Class B Notes, the Class D Notes, the Class E Notes, the Class F Notes and the Subordinated Notes were issued on the Original Closing Date and are not being offered pursuant to this Offering Circular.