Jubilee CLO 2014-XI (2nd Refinance): 17 April 2021
The assets securing the Notes will consist predominantly of a portfolio of Secured Senior Loans, Secured Senior Bonds, Unsecured Senior Obligations, Mezzanine Obligations, High Yield Bonds, Corporate Rescue Loans and Second Lien Loans, and will be managed by Alcentra Limited.
On 27 February 2014 (the Original Issue Date) Jubilee CLO 2014-XI B.V issued Class A Senior Secured Floating Rate Notes due 2027, Class B Senior Secured Floating Rate Notes due 2027, Class C Senior Secured Deferrable Floating Rate Notes due 2027, Class D Senior Secured Deferrable Floating Rate Notes due 2027, Class E Senior Secured Deferrable Floating Rate Notes due 2027, Class F Senior Secured Deferrable Floating Rate Notes due 2027 and Subordinated Notes due 2027.
On 18 April 2017 (the 2017 Refinancing Date) the Original Issuer refinanced in whole each Class of the 2014 Notes by issuing Class X Senior Secured Floating Rate Notes due 2030, Class A-R Senior Secured Floating Rate Notes due 2030, Class B-R Senior Secured Floating Rate Notes due 2030, Class C-R Senior Secured Deferrable Floating Rate Notes due 2030, Class D-R Senior Secured Deferrable Floating Rate Notes due 2030, Class E-R Senior Secured Deferrable Floating Rate Notes due 2030 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2030.
On or about 15 April 2021 (the Refinancing Date) the Issuer will, subject to certain conditions, refinance the Original Class A-R Notes only.
The Refinanced Notes are being offered by the Issuer through Morgan Stanley & Co. International plc in its capacity as initial purchaser of the offering of such Notes subject to prior sale.
EU & UK Risk Retention: The Investment Manager shall act as the Retention Holder for the purposes of the EU/UK Retention Requirements and shall subscribe for and retain, on an ongoing basis, a material net economic interest in the form specified in Article 6(3)(a) of the Securitisation Regulations and in accordance with the EU/UK Retention Requirements as in force on the Refinancing Date, no less than 5% of the outstanding nominal value of each Class of the Notes.