Contego CLO IV (refinancing): 04 March 2021
The assets securing the Notes will consist of a portfolio of primarily Secured Senior Loans, Secured Senior Bonds, Unsecured Senior Obligations, Mezzanine Obligations, Second Lien Loans, Corporate Rescue Loans and High Yield Bonds, and will be managed by Five Arrows Managers LLP, a Rothschild & Co group company and a wholly owned indirect subsidiary of Rothschild & Co SCA.
On 5 July 2017 (the Original Issue Date) Contego CLO IV issued Class A Senior Secured Floating Rate Notes due 2030, Class B-1 Senior Secured Floating Rate Notes due 2030, Class B-2 Senior Secured Fixed Rate Notes due 2030, Class C Senior Secured Deferrable Floating Rate Notes due 2030, Class D Senior Secured Deferrable Floating Rate Notes due 2030, Class E Senior Secured Deferrable Floating Rate Notes due 2030, Class F Senior Secured Deferrable Floating Rate Notes due 2030 and Subordinated Notes due 2030.
On or about 3 March 2021 (the Refinancing Date) the Issuer will refinance the Original Class A Notes, the Original Class B Notes, the Original Class C Notes and the Original Class D Notes. Certain amendments will be made to the Class E Notes, the Class F Notes and the Subordinated Notes.
The Refinancing Notes are being offered by the Issuer through BNP Paribas in its capacity as initial purchaser of the offering of the Refinancing Notes subject to prior sale.
EU Risk Retention: The Retention Holder (NP Europe Loan Management I) will undertake to acquire and hold on an ongoing basis a material net economic interest in the transaction which will be comprised of a first loss tranche in accordance with paragraph 3(d) of Article 6 of the Securitisation Regulations of not less than 5% of the nominal amount of the securitised exposures through the purchase and retention of Subordinated Notes with an original Principal Amount Outstanding such that the aggregate purchase price thereof equals or exceeds 5% of the Collateral Principal Amount.
US Risk Retention: The Retention Holder does not intend to retain a risk retention interest contemplated by the U.S. Risk Retention Rules.