Attentus CDO I Offering Circular - Irish Stock Exchange

MATURITY, PREPAYMENT AND YIELD CONSIDERATIONS
As stated elsewhere herein, the redemption of the Subordinated Notes will not occur until the
Senior Notes have been paid in full. The Stated Maturity of the Offered Notes is May 2036. The Offered
Notes will mature at their Stated Maturity unless redeemed or repaid prior thereto. However, the average
lives of the Offered Notes may be less than the number of years until the Stated Maturity. Accordingly,
prospective investors should make their own determinations of the expected weighted average lives and
maturity of the Offered Notes and, accordingly, their own evaluation of the merits and risks of an
investment in the Offered Notes. See “Risk Factors—Projections, Forecasts and Estimates.”
Average life refers to the average number of years that will elapse from the date of delivery of a
security until each Dollar of the principal of such security will be paid to the investor.
The average lives of the Offered Notes will be determined by the amount and frequency of
principal payments, which are dependent upon any payments received at or in advance of the scheduled
maturity of Collateral Debt Securities (whether through prepayment, sale, maturity, redemption, default or
other liquidation or disposition). The actual average lives of the Offered Notes will also be affected by
the financial condition of the issuers of the underlying Collateral Debt Securities and the characteristics of
such obligations, including the existence and frequency of exercise of any optional or mandatory
redemption or prepayment features, the prevailing level of interest rates, the redemption price, the actual
default rate and the actual level of recoveries on any Defaulted Securities and the frequency of tender or
exchange offers for such Collateral Debt Securities, as well as the characteristics of Collateral Debt
Securities acquired by the Issuer following the Closing Date. Any disposition of a Collateral Debt
Security may change the composition and characteristics of the Collateral Debt Securities and the rate of
payment thereon, and, accordingly, may affect the actual average lives of the Offered Notes. The rate of
future defaults and the amount and timing of any cash realization from Defaulted Securities also will
affect the average lives of the Offered Notes.
THE CO-ISSUERS
General
The Issuer, a special purpose vehicle, is incorporated on September 20, 2002 as an exempted
company with limited liability in the Cayman Islands pursuant to a Certificate of Incorporation and
Memorandum and Articles of Association, and is in good standing under the laws of the Cayman Islands,
with registered number MC-120090. The registered office of the Issuer is at the offices of Maples Finance
Limited, P.O. Box 1093 GT, Queensgate House, South Church Street, George Town, Grand Cayman,
Cayman Islands. The telephone number is: +1 (345) 945 7099. The Issuer has no prior operating
experience and the Issuer will not have any substantial assets other than the Collateral pledged to secure
the Senior Notes and the Issuer’s other obligations to the Secured Parties.
The authorized share capital of the Issuer will consist of 50,000 ordinary shares, par value
U.S.$1.00 per share (250 of which will be issued to and held in trust for charitable purposes by Maples
Finance Limited, a licensed trust company incorporated in the Cayman Islands (in such capacity, the
“Share Trustee”), under the terms of a declaration of trust).
Paragraph 3 of the Memorandum of Association of the Issuer sets out the objects of the Issuer,
which include the business to be carried out by the Issuer in connection with the issuance of the Offered
Notes.
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