Anchorage Capital Europe CLO 2 (Refinance): 22 April 2021
The assets securing the Notes will consist primarily of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Anchorage CLO ECM, L.L.C.
On 18 October 2018 (the Original Issue Date) Anchorage Capital Europe CLO 2 DAC issued Class A-1 Senior Secured Floating Rate Notes due 2031, Class A-2 Senior Secured Fixed Rate Notes due 2031, Class B Senior Secured Floating Rate Notes due 2031, Class C Senior Secured Deferrable Floating Rate Notes due 2031, Class D-1 Senior Secured Deferrable Floating Rate Notes due 2031, Class D-2 Senior Secured Deferrable Fixed Rate Notes due 2031, Class E Senior Secured Deferrable Floating Rate Notes due 2031, Class F Senior Secured Deferrable Floating Rate Notes due 2031 and Subordinated Notes due 2031.
On 20 April 2021 (the Refinancing Date) the Issuer will, subject to certain conditions, redeem the original Notes in full by issuing the Class A Notes, the Class B-1 Notes, the Class B-2 Notes, the Class C Notes, the Class D Notes, the Class E Notes and the Class F Notes. The Subordinated Notes will not be redeemed and will remain outstanding from and after the Issue Date.
The Offered Notes are being offered by the Issuer through Credit Suisse Securities (Europe) Limited or an affiliate thereof in its capacity as initial purchaser of such Offered Notes subject to prior sale.
EU & UK Risk Retention: Anchorage CLO ECM, L.L.C shall act as the Retention Holder for the purposes of the EU/UK Retention Requirements and shall agree to acquire on the Issue Date and hold on an ongoing basis a material net economic interest in the transaction of not less than 5% of the nominal value of the securitised exposures (within the meaning of Article 6(3)(d) of each of the EU Securitisation Regulation and the UK Securitisation Regulation), through the purchase and retention of Subordinated Notes with an original Principal Amount Outstanding multiplied by the purchase price at which such Subordinated Notes were purchased by it which is equal to or greater than 5% of the Collateral Principal Amount on the relevant date of determination.