Charlotte 2023 Funding Plc: 12 September 2023
The Loan Portfolio as of the Closing Date consists of Senior Secured Project Finance Loans.
The projects are all located in the United Kingdom. Borrowers are diversified across industry sectors with a weighting toward the Infrastructure sector (47.3% by Outstanding Principal Balance) followed by the following industry sectors: Renewable Energy, Oil & Gas, Information & Technology, Conventional Energy and Transportation. The maximum single Borrower concentration is 6.9% and the maximum single Loan concentration is 6.9%, both calculated by Outstanding Principal Balance as of the close of business on 29 August 2023.
As of the close of business on 29 August 2023, the Loan Portfolio consists of 48 Loans to 41 Borrowers, with an aggregate Outstanding Principal Balance of GBP 704,893,091.
UK & EU Risk Retention: SLB, in its capacity as an "originator" within the meaning of Article 2(3) of the Securitisation Regulations, undertakes to retain on an ongoing basis a material net economic interest of not less than 5% in the nominal value of each Class of Notes in accordance with (i) Article 6(3)(a) of the EU Securitisation Regulation and (ii) Article 6(3)(a) of the UK Securitisation Regulation.
US Risk Retention: The transaction will not involve risk retention by the Originator for the purposes of the US Risk Retention Rules, but rather will be made in reliance on an exemption provided for in Section 20 of the US Risk Retention Rules regarding non-US transactions.