Gresham Capital CLO IV B.V. - Irish Stock Exchange

e paid in accordance with the Priorities of Payment and may rank
senior to payments in respect of the other Classes of Notes on a
Payment Date.
See “Summary of Terms—Priorities of Payment” and “Description
of the Accounts—Collateral Enhancement Account” below.
Ratings: ...................................................
It was a condition of the issuance of the Notes that the respective
Classes of Notes be assigned at least the following ratings:
Senior Notes: “AAA” by Fitch and “AAA” by S&P.
Class B Notes: “AA” by Fitch and “AA” by S&P.
Class C Notes: “A” by Fitch and “A” by S&P.
Class D Notes: “BBB” by Fitch and “BBB” by S&P.
Class E Notes: “BB” by Fitch and “BB” by S&P.
The Collateral Manager will request that Fitch and S&P each
confirms its rating of the Senior Notes and each other Class of the
Rated Notes within 30 days after the Target Date.
Use of Proceeds: ......................................
The net proceeds of the issue and offering of the Notes were
applied by the Issuer as follows:
(a) to fund or make provision for certain fees and expenses of the
Issuer up to a maximum of €7,370,000;
(b) to pay an up-front fee of €2,631,065 and any applicable VAT
with respect thereto to the Collateral Manager on the Issue
Date;
(c) to pay the premium in respect of the Issuer entering into the
Initial Hedge Agreement; and
(d) any proceeds remaining were deposited by the Issuer into the
Initial Proceeds Account for the purchase, together with any
Drawing made under the Class A1A Note Purchase
Agreement, of Collateral Debt Securities during the Ramp-Up
Period subject to the conditions set out herein. See “Use of
Proceeds” below.
Class A1A Note Purchase Agreement: .....
Drawings made under the Class A1A Note Purchase Agreement
shall be used by the Issuer in the acquisition of Collateral Debt
Securities during the Ramp-Up Period and the Reinvestment
Period. Euro Drawings shall be used to purchase additional Euro
Collateral Debt Securities and Non-Euro Collateral Debt Securities
during the Ramp-Up Period and the Reinvestment Period and
Sterling Drawings shall be used to purchase Sterling Collateral
Debt Securities during the Ramp-Up Period and the Reinvestment
Period.
The maximum aggregate principal amount of the Note Purchase
Facility is €75,000,000 or its Sterling equivalent converted at the
Issue Date Spot Rate in the case of any amounts drawn in Sterling
(the “Total Commitments”).
Drawings made under the Class A1A Note Purchase Agreement
may be repaid on dates other than Payment Dates. Any Break
Costs which will be calculated pursuant to the Class A1A Note
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