Avoca CLO XVI DAC (2nd Refinancing): 22 December 2024
The assets securing the Notes will consist primarily of a portfolio of Senior Loans, Secured Senior Bonds, Corporate Rescue Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by KKR Credit Advisors (Ireland) Unlimited Company.
On 30 June 2016 (the original Issue Date) Avoca CLO XVI issued Class A Senior Secured Floating Rate Notes due 2029, Class B Senior Secured Floating Rate Notes due 2029, Class C Deferrable Mezzanine Floating Rate Notes due 2029, Class D Deferrable Mezzanine Floating Rate Notes due 2029, Class E Deferrable Junior Floating Rate Notes due 2029, Class F Deferrable Junior Floating Rate Notes due 2029 and Subordinated Notes due 2029.
On 8 August 2018 (the 2018 Refinancing Date) the Issuer refinanced the earlier Notes by issuing Class X Senior Secured Floating Rate Notes due 2031, Class A-1R Senior Secured Floating Rate Notes due 2031, Class A-2R Senior Secured Floating Rate Notes due 2031, Class B-1R Senior Secured Fixed Rate Notes due 2031, Class B-2R Senior Secured Floating Rate Notes due 2031, Class B-3R Senior Secured Floating Rate Notes due 2031, Class C-1R Deferrable Mezzanine Floating Rate Notes due 2031, Class C-2R Deferrable Mezzanine Floating Rate Notes due 2031, Class D-R Deferrable Mezzanine Floating Rate Notes due 2031, Class E-R Deferrable Junior Floating Rate Notes due 2031 and Class F-R Deferrable Junior Floating Rate Notes due 2031.
On or about 19 December 2024 (the re-issue Date) the Issuer will, subject to the satisfaction of certain conditions, refinance the 2018 Refinanced Notes by issuing Class X-R Senior Secured Floating Rate Notes due 2037, Class A-1R-R Senior Secured Floating Rate Notes due 2037, Class A-2R-R Senior Secured Floating Rate Notes due 2037, Class B-1R-R Senior Secured Floating Rate Notes due 2037, Class B-2R-R Senior Secured Fixed Rate Notes due 2037, Class C-R-R Deferrable Mezzanine Floating Rate Notes due 2037, Class D-R-R Deferrable Mezzanine Floating Rate Notes due 2037, Class E-R-R Deferrable Junior Floating Rate Notes due 2037 and Class F-R-R Deferrable Junior Floating Rate Notes due 2037.
The Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €46,000,000 and are not being offered pursuant to this re-offering.