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Blackrock European CLO XIII: 12 June 2022

The assets securing the Notes will consist of a portfolio primarily of Senior Loans, Senior Secured Bonds, Mezzanine Obligations and High Yield Bonds managed by BlackRock Investment Management (UK) Limited.

Eligibility criteria (includes): it is a Senior Secured Loan, a Senior Secured Bond, an Unsecured Senior Loan, a Mezzanine Obligation, a Second Lien Loan, a Corporate Rescue Loan, or a High Yield Bond; it is not a lease; it is not a Structured Finance Security, or a Synthetic Security; it is not a Zero Coupon Security; it is an obligation in respect of which the Obligor (or the guarantor of such obligation) is Domiciled in a Qualifying Country, as determined by the Collateral Manager; it is not a Project Finance Loan; it is not an ESG Excluded Obligation.

The Issuer anticipates that, by the Issue Date, it or the Collateral Manager on its behalf will have purchased or committed to purchase Collateral Debt Obligations the Aggregate Principal Balance of which is equal to at least €320mln, which is approximately 80.0% of the Target Par Amount.

The Notes are being offered by the Issuer through Merrill Lynch International in its capacity as sole arranger and as initial purchaser of such Notes subject to prior sale.

EU Risk Retention: The Retention Holder will, for so long as any Class of Notes remains outstanding, undertake to subscribe for on the Issue Date and hold, on an ongoing basis, a material net economic interest of not less than 5% of the nominal value of each Class of Notes.