BCC Middle Market CLO 2023-1: 16 August 2023
The Issuer's investment portfolio will consist primarily of middle market loans and Participation Interests in middle market loans and may also include some broadly syndicated loans. The portfolio will be managed by Bain Capital Senior Loan Program, LLC.
The Notes are being offered, subject to prior sale, when, as and if issued, by Wells Fargo Securities, LLC as initial purchaser in individually negotiated transactions at varying prices to be determined at the time of sale.
EU & UK Risk Retention: The Transferor will act as the EU/UK Retention Holder for the purposes of the Securitization Laws. The EU/UK Retention Holder will agree on the Closing Date to subscribe for and hold, on an ongoing basis for as long as any Class of Notes remains outstanding, a material net economic interest in the securitization of not less than 5% in the form specified in paragraph (d) of Article 6(3) of each of the Securitization Regulations, as such regulation is in effect on the Closing Date, by way of holding, subject to the provisions set forth in the Retention Undertaking Letter, the minimum principal amount of Interests required by the Securitization Regulations as of the Closing Date, being an amount equal to not less than 5% of the Retention Basis Amount as of the Closing Date.