Harvest CLO IX (2nd Reissue): 05 June 2021
The assets securing the 2021 Refinanced Notes will consist (and the assets securing the Original Notes consist) of a portfolio of Senior Secured Loans, Senior Secured Bonds, Second Lien Loans, Unsecured Senior Obligations, Mezzanine Obligations, PIK Securities, Corporate Rescue Loans, Bridge Loans and High Yield Bonds, managed by Investcorp Credit Management EU Limited.
On 16 July 2014 (the Original Issue Date) Harvest CLO IX issued Class A Senior Secured Floating Rate Notes due 2028, Class B Senior Secured Floating Rate Notes due 2028, Class C Senior Secured Deferrable Floating Rate Notes due 2028, Class D Senior Secured Deferrable Floating Rate Notes due 2028, Class E Senior Secured Deferrable Floating Rate Notes due 2028, Class F Senior Secured Deferrable Floating Rate Notes due 2028 and Subordinated Notes due 2028.
On 15 August 2017 (the 2017 Issue Date) the issuer refinanced the Original Notes by issuing Class X Senior Secured Floating Rate Notes due 2030, Class A-R Senior Secured Floating Rate Notes due 2030, Class B-1-R Senior Secured Floating Rate Notes due 2030, Class B-2-R Senior Secured Fixed Rate Notes due 2030, Class CR 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 3 June 2021 the Issuer will, subject to certain conditions, refinance the 2017 Class A Notes and the 2017 Class B-2 Notes.
The 2021 Refinancing Notes are being offered by the Issuer through Credit Suisse Securities (Europe) Limited, in its capacity as sole arranger and initial purchaser of the offering of such 2021 Refinancing Notes subject to prior sale.
EU & UK Risk Retention: The Portfolio Manager shall act as the Retention Holder for the purposes of the EU/UK Retention and Transparency Requirements as "originator", and will retain on an ongoing basis and for its own account a material net economic interest in the form specified in Article 6(3)(d) of each of the EU Securitisation Regulation and UK Securitisation Regulation in force as on the Issue Date and in accordance with the EU/UK Retention Requirements as in force on the Issue Date, which will be comprised of Subordinated Notes with a Principal Amount Outstanding being an amount equal to not less than 5% of the Aggregate Collateral Balance.
US Risk Retention: As a result of the LSTA Decision, no party expects to have any obligation with respect to this transaction to act in accordance with the various restrictions in the U.S. Risk Retention Rules that are imposed on sponsors of a securitisation.