This website is using cookies
This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
x

Avoca CLO XIX PLC (Refinance): 17 March 2025


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 7 November 2018 (the Original Issue Date) Avoca CLO XIX issued Class X Senior Secured Floating Rate Notes due 2031, Class A-1 Senior Secured Floating Rate Notes due 2031, Class A-2 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 Deferrable Mezzanine Floating Rate Notes due 2031, Class D Deferrable Mezzanine Floating Rate Notes due 2031, Class E Deferrable Junior Floating Rate Notes due 2031, Class F Deferrable Junior Floating Rate Notes due 2031 and Subordinated Notes due 2031.

On or about 13 March 2025 (the re-issue Date) the Issuer will, subject to the satisfaction of certain conditions, refinance the Notes by issuing Class X-R Senior Secured Floating Rate Notes due 2038, Class A-1-R Senior Secured Floating Rate Notes due 2038, Class A-2-R Senior Secured Floating Rate Notes due 2038, Class B-R Senior Secured Floating Rate Notes due 2038, Class C-R Deferrable Mezzanine Floating Rate Notes due 2038, Class D-R Deferrable Mezzanine Floating Rate Notes due 2038, Class E-R Deferrable Junior Floating Rate Notes due 2038 and Class F-R Deferrable Junior Floating Rate Notes due 2038.

The Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €35,500,000 and are not being offered pursuant to this Offering.