Providus CLO II 2nd Refinance : 17 October 2024
The assets securing the Notes will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Permira Credit Group Holdings Limited.
On 20 December 2018 (the Original Issue Date) Providus CLO II issued Class A Senior Secured Floating Rate Notes due 2031, Class B-1 Senior Secured Floating Rate Notes due 2031, Class B-2 Senior Secured Fixed Rate Notes due 2031, Class C Senior Secured Deferrable Floating Rate Notes due 2031, Class D Senior Secured Deferrable Floating Rate Notes due 2031, Class E Senior Secured Deferrable Floating Rate Notes due 2031, Class F Senior Secured Deferrable Floating Rate Notes due 2031 and Subordinated Notes due 2031.
On 15 April 2021 (the 2021 Refinancing Date) the Issuer refinanced the Original Class A Notes, the Original Class B Notes and the Original Class C Notes by issuing Class A Senior Secured Floating Rate Notes due 2031, Class B-1 Senior Secured Floating Rate Notes due 2031, Class B-2 Senior Secured Fixed Rate Notes due 2031 and Class C Senior Secured Deferrable Floating Rate Notes due 2031.
On 15 October 2024 (the re-issue Date) the Issuer will, subject to certain conditions, refinance in whole each Class of the 2021 Refinanced Notes, the Original Class D Notes, the Original Class E Notes and the Original Class F Notes by issuing Class X Senior Secured Floating Rate Notes due 2038, Class A-R Senior Secured Floating Rate Notes due 2038, Class B-R Senior Secured Floating 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 Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering. However the terms and conditions applicable to the Subordinated Notes will be amended in accordance with the Conditions of the Notes as outlined in the Offering Circular.