Trinitas Euro CLO III DAC (Refinance): 22 June 2024
The assets securing the Notes will consist of a portfolio of primarily Senior Loans, Senior Secured Bonds, Mezzanine Obligations and High Yield Bonds managed by the Collateral Manager.
On 2 November 2022 (the Original Issue Date) the Issuer issued Class A Senior Secured Floating Rate Notes due 2037, Class B-1 Senior Secured Floating Rate Notes due 2037, Class B-2 Senior Secured Fixed Rate Notes due 2037, Class C Senior Secured Deferrable Floating Rate Notes due 2037, Class D Senior Secured Deferrable Floating Rate Notes due 2037, Class E Senior Secured Deferrable Floating Rate Notes due 2037, Class F Senior Secured Deferrable Floating Rate Notes due 2037 and Subordinated Notes due 2037.
On 14 June 2024 (the re-issue Date) the Issuer will, subject to certain conditions, issue Class A-R Senior Secured Floating Rate Notes due 2038, Class B-1-R Senior Secured Floating Rate Notes due 2038, Class B-2-R Senior Secured Fixed Rate Notes due 2038, Class C-R Senior Secured Deferrable Floating Rate Notes due 2038, Class D-R Senior Secured Deferrable Floating Rate Notes due 2038, Class E-R Senior Secured Deferrable Floating Rate Notes due 2038 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2038. The Issuer will also issue additional Subordinated Notes due 2038.
EU & UK Risk Retention: On the Issue Date, the Retention Holder (Trinitas Capital Management LLC) will undertake to subscribe for and hold on an ongoing basis, as originator, not less than 5% of the nominal value of the securitised exposures through the purchase and retention of Subordinated Notes with an original Principal Amount Outstanding such that the aggregate purchase price thereof equals or exceeds 5% of the Aggregate Collateral Balance in accordance with and pursuant to Articles 6(1) and 6(3)(d) of the Securitisation Regulation.
US Risk Retention : No party involved in the transaction will obtain on the Issue Date and retain any Offered Notes intended to satisfy the US Risk Retention Rules.