Contego CLO XI (Refinance): 24 November 2024
The assets securing the Notes will primarily consist of a portfolio of Secured Senior Loans, Secured Senior Bonds, Unsecured Senior Obligations, Mezzanine Obligations, Second Lien Loans, Corporate Rescue Loans and High Yield Bonds, and will be managed by Five Arrows Managers LLP, a Rothschild & Co group company and a wholly owned indirect subsidiary of Rothschild & Co SCA.
On 30 June 2023 (the Original Issue Date) Contego CLO XI issued Class A Senior Secured Floating Rate Notes due 2035, Class B-1 Senior Secured Floating Rate Notes due 2035, Class B-2 Senior Secured Fixed Rate Notes 2035, Class C Senior Secured Deferrable Floating Rate Notes due 2035, Class D Senior Secured Deferrable Floating Rate Notes due 2035, Class E Senior Secured Deferrable Floating Rate Notes due 2035, Class F Senior Secured Deferrable Floating Rate Notes due 2035 and Subordinated Notes due 2035.
On 20 February 2024, the Issuer sold €13,900,000 of the Original Class F Notes at a purchase price of 99.0% of the principal amount of the Original Class F Notes. A portion of the sale proceeds of the Original Class F Sale was used to redeem €13,622,000 of the Subordinated Notes, such that €28,778,000 of the Subordinated Notes remain outstanding.
On or about 20 November 2024 (the re-Issue Date) the Issuer will, subject to certain conditions, refinance in whole the Notes by issuing 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 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 certain amendments will be made to the Subordinated Notes (including an extension of the Maturity Date thereof) pursuant to the Original Trust Deed.