Aurium CLO VI (Refinance): 25 May 2021
The assets securing the Debt will consist of a portfolio of primarily Secured Senior Loans, Secured Senior Bonds, Mezzanine Obligations and High Yield Bonds, and will be managed by Spire Management Limited.
On 3 July 2020 (the Original Issue Date) Aurium CLO VI issued Class A Senior Secured Floating Rate Notes due 2032, Class B Senior Secured Floating Rate Notes due 2032, Class C Senior Secured Deferrable Floating Rate Notes due 2032, Class D Senior Secured Deferrable Floating Rate Notes due 2032, Class E Senior Secured Deferrable Floating Rate Notes due 2032 and Subordinated Notes due 2032.
On or about 24 May 2021 (the refinancing Date) the Issuer will, subject to the satisfaction of certain conditions, refinance in whole the Original Rated Notes by issuing or drawing down (as applicable) the Class A Senior Secured Floating Rate Loan due 2034, Class A Senior Secured Floating Rate Notes due 2034, Class B-1 Senior Secured Floating Rate Notes due 2034, Class B-2 Senior Secured Fixed Rate Notes due 2034, Class C Senior Secured Deferrable Floating Rate Notes due 2034, Class D Senior Secured Deferrable Floating Rate Notes due 2034, Class E Senior Secured Deferrable Floating Rate Notes due 2034 and Class F Senior Secured Deferrable Floating Rate Notes due 2034.
Note: The Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this transaction.
The Refinancing Notes are being offered by the Issuer through Merrill Lynch International or an affiliate thereof in its capacity as Initial Purchaser subject to prior sale.
EU Risk Retention: The Collateral Manager shall act as Retention Holder and will, for so long as any Debt is outstanding, hold and retain a material net economic interest of not less than 5% of the nominal value of each Class of Debt then outstanding.
US Risk Retention: According to the LSTA Decision, the Collateral Manager will not be required to retain the Minimum Risk Retention Requirement pursuant to the U.S. Risk Retention Rules provided that the Collateral Manager in its capacity as Retention Holder will retain the Retention Notes in accordance with the terms of the Risk Retention Letter.