Carlyle Global Mkt Strategies Euro CLO 2016-2 ref: 17 March 2021
The assets securing the Notes will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by CELF Advisors LLP.
On 15 December 2016 (the Original Issue Date), Carlyle Global Market Strategies Euro CLO 2016-2 issued Class A-1 Senior Secured Floating Rate Notes due 2030, Class A-2 Senior Secured Floating Rate Notes due 2030, Class B Senior Secured Deferrable Floating 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 and Subordinated Notes due 2030.
On 6 June 2019 (the 2019 Issue Date), the Issuer refinanced the Original Notes by issuing Class A-1 Senior Secured Floating Rate Notes due 2030, Class B Senior Secured Deferrable Floating Rate Notes due 2030, Class C Senior Secured Deferrable Floating Rate Notes due 2030 and Class D Senior Secured Deferrable Floating Rate Notes due 2030.
On or about 15 March 2021 (the 2nd refinancing Date), the Issuer will refinance the 2019 Refinancing Notes, the Original Class A-2 Notes and the Original Class E Notes by, subject to certain conditions, issuing Class X Senior Secured Floating Rate Notes due 2034, Class A-1-R Senior Secured Floating Rate Notes due 2034, Class A-2A-R Senior Secured Floating Rate Notes due 2034, Class A-2B-R Senior Secured Fixed Rate Notes due 2034, Class B-R Senior Secured Deferrable Floating Rate Notes due 2034, Class C-R Senior Secured Deferrable Floating Rate Notes due 2034, Class D-R Senior Secured Deferrable Floating Rate Notes due 2034 and Class E-R Senior Secured Deferrable Floating Rate Notes due 2034, and the Issuer will also issue additional Subordinated Notes due 2034, which shall form a single class of Subordinated Notes.
The Offered Notes are being offered by the Issuer through Deutsche Bank AG, London Branch in its capacity as initial purchaser of the offering of such Offered Notes subject to prior sale.
EU Risk Retention: The Collateral Manager shall act as the Retention Holder, and shall undertake to subscribe for (in respect of certain Additional Subordinated Notes) and retain on an ongoing basis a material net economic interest of not less than 5% of the nominal value of the securitised exposures by (i) continuing to hold on an ongoing basis certain Existing Subordinated Notes, and (ii) subscribing for and holding on an ongoing basis certain Additional Subordinated Notes.
US Risk Retention: It should be assumed that no party involved in the transaction will obtain on the Issue Date and retain any Notes intended to satisfy the U.S. Risk Retention Rules.
STS: Pursuant to the European Union General Framework for Securitisation and Specific Framework for Simple, Transparent and Standardised Securitisation, the Issuer will make a 15-Day Notification to the Central Bank.