Armada Euro CLO IV (Refin): 17 January 2025

A refinancing of the earlier Armada Euro CLO IV, which will again be a portfolio of mainly Senior Secured Obligations (at least 90%) with the balance being made up of Senior Unsecured, Mezzanine, Second-Lien Loans and High-Yield Bonds.

The portfolio will be actively managed by Brigade Capital Europe Management LLP. Brigade was founded in 2006 and is a global asset management firm which employs a multi-strategy, multi-asset class approach to investing across the broad credit universe.

The CLO features a non-call period until 15 January 2027 and a re-investment period which will end on 15 January 2030.