ROCKALL CLO B.V. - Irish Stock Exchange

More documents

Recommendations

Info

Pledge Agreement .......................................................... 48 Portfolio........................................................................... 18 Post Redemption Default Due Period ....................... 48, 69 Post Redemption Default Payment Date .................. 48, 69 Post Specified Notes..................................................... 165 Pound Sterling .............................................................. 116 Pounds Sterling................................................................vii Premature Redemption Date .................................... 48, 78 Premature Redemption Requirements ..................... 48, 74 Prepayment Cure Methodology ................................ 48, 68 Prepayment Date ...................................................... 48, 68 Prepayment Priorities................................................ 48, 68 Prepayment Priority Levels ....................................... 48, 68 Presentation Date ........................................................... 48 Principal Amount Outstanding ........................................ 48 Principal Custody Account ........................................ 45, 48 Principal Paying Agent.................................................... 37 Principal Paying Agent Deposit....................................... 48 Principal Secured Creditors .......................................... 164 Principal Secured Obligations....................................... 164 Priority Class............................................................. 48, 57 pro rata............................................................................ 49 Pro Rated Obligations..................................................... 49 Proceeding.................................................................... 156 Proceedings .................................................................... 91 Projection Cure Methodology.................................... 48, 69 Projection Cure Settlement Default........................... 48, 69 Projection Cure Statement........................................ 48, 68 Projection Cure Statement Date ............................... 49, 68 Prospectus Directive .............................................1, vi, 182 Protected Market Value ................................................ 116 Protected Price ............................................................. 116 PTCE ............................................................................ 179 QEF............................................................................... 175 QIB.................................................................................. 49 QIB/Qualified Purchaser ................................................. 49 Qualified Institutional Buyer .............................................. v Qualified Purchaser ........................................................ 49 QUALIFIED PURCHASERS ............................................. 1 qualified stated interest ................................................. 173 Qualifying Country ........................................................ 116 Quarterly Mark Security ................................................ 116 Quotation Day ............................................................... 156 Quoted Issuer Investment Valuation......................... 49, 67 Rate of Interest ............................................................... 49 Rated Notes .................................................................... 49 Rating.............................................................................. 49 Rating Agencies.......................................................... 1, 49 Rating Agency Confirmation ........................................... 49 Rating Agency Tables................................................... 116 Rating Procedures ........................................................ 116 Rating Requirement ........................................................ 49 Record Date.................................................................. 136 Redemption Breakage Costs .......................................... 49 Redemption Date ............................................................ 50 Redemption Price ........................................................... 50 Reduction Amount .................................................... 50, 75 Reference Banks ...................................................... 50, 72 Reference Security ....................................................... 117 Register........................................................................... 50 Registrar ......................................................................... 37 Regulation S ................................................................... 50 Regulation S Global Note ..................................... 1, 50, 54 Regulation S Global Notes.......................................... 1, 54 Regulation S Notes ..................................................... 1, 50 Reinvestment Yield ......................................................... 50 Related Rights ................................................................ 50 Relevant Conditions...................................................... 165 Relevant Date ................................................................. 84 Relevant Implementation Date................................. vi, 182 Relevant Issuer Investment........................................... 117 Relevant Margin .............................................................. 51 Relevant Member State ........................................... vi, 182 Relevant Outstanding Class...................................... 51, 90 Relevant Trust Instrument............................................... 37 Replaced Noteholder .................................................... 154 Replacement Noteholder .............................................. 154 Replacement Rating Agency..................................... 49, 51 Report ............................................................................. 51 Reportable Territory ...................................................... 171 Reporting Date .............................................................. 117 Repository ....................................................................... 51 Representative ................................................................ 51 Required VF-1 Noteholders .......................................... 156 Resolution ....................................................................... 51 Restricted Payment Provisos .......................................... 51 Restriction Notice ............................................................ 51 RSA.................................................................................. iv Rule 144A ....................................................................... 51 Rule 144A Global Note ......................................... 1, 51, 54 Rule 144A Global Notes.............................................. 1, 54 Rule 144A Notes ......................................................... 1, 51 S&P ............................................................................. 1, 51 S&P Advance Amount................................................... 117 S&P Highly-Diversified Advance Rate .......................... 118 S&P OC Test Rating ..................................................... 118 S&P OC Test Rating Chart ........................................... 118 Scheduled Commitment Termination Date ................... 156 Screen Rate .................................................................. 156 SEC.................................................................... iv, 36, 141 Second Lien Loan ......................................................... 118 Section 3(c)(7) Reminder Notice................................... 191 Secured Creditors ........................................................... 51 Secured Hedging Agreement.......................................... 51 Secured Hedging Counterparty....................................... 51 Secured Hedging Transaction....................................... 119 Secured Obligations........................................................ 51 Secured Participation .................................................... 119 Securities Act .............................................. 1, 51, 186, 188 Securities Lending Transactions ................................... 119 Security ......................................................................... 119 Security and Intercreditor Deed ...................................... 37 Security Documents ........................................................ 51 Security Interest .............................................................. 51 Security Period.............................................................. 161 Security Trustee ...................................................... 37, 119 Security Trustee Issuer Order Acknowledgement......... 161 Selling Institution ............................................................. 21 Semi-Liquid Security ..................................................... 119 Senior Advance Amount ............................................... 119 Senior Blockage Notice............................................. 52, 59 Senior Blockage Period................................................... 52 Senior Blockage Trigger Event ....................................... 52 Senior Discharge Date .................................................... 52 Senior Facility................................................................ 119 Senior Indebtedness ....................................................... 52 Senior Obligations........................................................... 52 Senior Outstanding Class ............................................... 52 Senior Over-Collateralisation Test ................................ 119 Senior Payment Default .................................................. 52 Senior Prepayment Cure Priority .................................... 68 Senior Secured Loan .................................................... 119 Senior Unsecured Loan ................................................ 119 shortfall............................................................................ 63 short-sale ...................................................................... 107 Short-Sale Advance Amount......................................... 119 - 197 -
Short-Sale Contract ...................................................... 120 Short-Sale TRS............................................................. 120 Short-Sale TRS Contract Exposure ................................ 52 Similar Laws......................................................iii, 179, 185 Single Asset Total Return Swap ................................... 120 Specific Conditions ......................................................... 52 Specified Maturity Date................................................... 52 Specified Notes................................................... 1, 52, 165 Specified Office............................................................... 52 Split Date ........................................................................ 52 Split Redemption Procedure ........................................... 52 Stabilising Manager .........................................................vii Structured Finance Obligation ...................................... 120 Structured Product Transaction .................................... 120 Summary........................................................................... 1 Supervening Shortfall................................................ 52, 69 Swap Transaction ......................................................... 121 Synthetic Collateral ......................................................... 53 Synthetic Counterparty ................................................... 53 Synthetic Purchase Contract ........................................ 121 Synthetic Purchase Contract Advance Amount ............ 121 Synthetic Security ........................................................... 53 TARGET Day ................................................................ 156 TARGET System ............................................................ 53 Total Capitalisation ....................................................... 121 Total VF-1 Commitments .............................................. 156 Transaction Creditors...................................................... 53 Transaction Default......................................................... 53 Transaction Documents .................................................. 53 Transaction Event of Default........................................... 53 Transfer Agents .............................................................. 37 Trigger Event .................................................................. 53 Trust Deed .................................................................. 1, 37 Trust Instrument.............................................................. 53 Trustee........................................................................ 1, 37 Trustee Fees and Expenses ........................................... 53 U.S. 10 per cent. Shareholder ...................................... 175 U.S. 10 per cent. Shareholders..................................... 175 U.S. Dollars......................................................................vii U.S. Holder ................................................................... 171 U.S. Residents .............................................................. 181 U.S.$ ................................................................................vii Under-Collateralisation Cure Methodologies ............ 53, 69 Under-Collateralisation Cure Timeline ............................ 53 Under-Collateralisation Event ......................................... 53 Unfunded Revolver Adjustment Amount ....................... 121 Unhedged Currency Investment ................................... 121 Unhedged Excess Amount............................................ 121 Unquoted Investments ............................................ 22, 121 Unquoted Issuer Investment Valuation ..................... 53, 67 Unused Class B Notes Commitments............................. 53 Unused Class C Notes Commitments............................. 53 Unused Class D Notes Commitments............................. 54 Unused Class E Subordinated Notes Commitments ...... 54 Unused Senior Commitments ......................................... 54 Unutilised Commitment ................................................. 156 US Asset ....................................................................... 121 US Element ................................................................... 121 Valuation Date............................................................... 121 VAT ................................................................................. 54 VF Conditions.................................................................. 54 VF Instrument.............................................................. 1, 54 VF Note Regulation S Note..................................... 12, 130 VF Note Rule 144A Note......................................... 12, 130 VF Noteholders ............................................................... 54 VF Notes ................................................................. 54, 163 VF Notes Closing Date.................................................. 163 VF Reserved Matter ...................................................... 157 VF-1 Commitment ......................................................... 156 VF-1 Commitment Termination Date ............................ 156 VF-1 Conditions ............................................................ 152 VF-1 Instrument ........................................................ 5, 152 VF-1 Interest Period ...................................................... 157 VF-1 Noteholder............................................................ 157 VF-1 Noteholder Default ............................................... 157 VF-1 Noteholder Fee Letter .......................................... 157 VF-1 Noteholder Indebtedness ..................................... 157 VF-1 Notes .................................................................... 1, 5 VFN Agent............................................................... 54, 122 VFN Agent Fee Letter ................................................... 156 VFN Register................................................................. 157 VFN Registrar ............................................................... 157 Voting Percentage......................................................... 157 - 198 -
Page 1 and 2:
ROCKALL CLO B.V. (a private limited
Page 3 and 4:
OFFER/INVITATION/DISTRIBUTION RESTR
Page 5 and 6:
Each purchaser of VF Notes and Note
Page 7 and 8:
NOTES AND NOTES HAVE NOT BEEN OFFER
Page 9 and 10:
CONTENTS Page SUMMARY..............
Page 11 and 12:
6 Holders of the Class E-1b Subordi
Page 13 and 14:
Principal Payments on the Notes Red
Page 15 and 16:
Payments (see the section of this O
Page 17 and 18:
for each calendar week and (y) to t
Page 19 and 20:
the Security Trustee shall, if dire
Page 21 and 22:
with the Over-Collateralisation Tes
Page 23 and 24:
ERISA Considerations Limited Recour
Page 25 and 26:
1.7 Removal of Credit Enhancement T
Page 27 and 28:
made until payment in full of all o
Page 29 and 30:
inter-company guarantees such a pro
Page 31 and 32:
orrower. A Selling Institution voti
Page 33 and 34:
may have an associated Secured Hedg
Page 35 and 36:
will be to enable the Custodian, on
Page 37 and 38:
2.25 Disclosure of Portfolio The Is
Page 39 and 40:
Investments to properly plan for ex
Page 41 and 42:
3.12 Volatility of the Class E Subo
Page 43 and 44:
sections of these Risk Factors head
Page 45 and 46:
may also act as counterparty with r
Page 47 and 48:
"Account-Holding Bank" means (a) in
Page 49 and 50:
"Class C Notes" means the Initial I
Page 51 and 52:
(c) (d) (e) (f) Noteholders represe
Page 53 and 54:
"Exchange Date" means a day falling
Page 55 and 56:
"Ledger" means the ledger maintaine
Page 57 and 58:
"Permitted Short-Sale Exposure" mea
Page 59 and 60:
the ratio of (i) the number of days
Page 61 and 62:
accounts so as to effect payment of
Page 63 and 64:
(b) "Unused Class D Notes Commitmen
Page 65 and 66:
and, as the case may be, the Truste
Page 67 and 68:
(c) (d) (iii) Ledger If: (xx) (yy)
Page 69 and 70:
(ii) (iii) Class B Notes Blockage U
Page 71 and 72:
4. Security made with respect to th
Page 73 and 74:
entitled at any time to institute a
Page 75 and 76:
interest rate hedging transactions
Page 77 and 78:
paragraph (a)(vii) of Condition 10
Page 79 and 80:
interest payable in respect of each
Page 81 and 82:
Intercreditor Arrangements shall be
Page 83 and 84:
Redemption Date") provided that Cla
Page 85 and 86:
until all outstanding Senior Indebt
Page 87 and 88:
on the Noteholders. Upon the expiry
Page 89 and 90:
otherwise be due but for the imposi
Page 91 and 92:
(b) (xii) (xiii) (xiv) Final judgme
Page 93 and 94:
(c) (d) 12. Prescription Notes and
Page 95 and 96:
Resolution represents of the aggreg
Page 97 and 98:
(x) (xi) (xii) (xiii) (xiv) (xv) to
Page 99 and 100:
management or operation of the Coll
Page 101 and 102:
20. Specific Conditions Specific Co
Page 103 and 104:
DESCRIPTION OF THE PORTFOLIO AND MA
Page 105 and 106:
(Definitions)) or (2) the Issuer ha
Page 107 and 108:
"Market Value Price" "Advance Rate"
Page 109 and 110:
espect to which Rating Agency Confi
Page 111 and 112:
"Class B Notes Advance Amount" "Cla
Page 113 and 114:
“Dutch Ineligible Securities” "
Page 115 and 116:
"Excluded Issuer Investments" (xi)
Page 117 and 118:
“High Yield Security” “Intere
Page 119 and 120:
“Net Accrual Amount” (vi) (vii)
Page 121 and 122:
Over-Collateralisation Test, the Cl
Page 123 and 124:
of “Caa1” for the purposes of c
Page 125 and 126:
instrumentality thereof. “Pound S
Page 127 and 128:
Purchase Contracts, Short-Sale Cont
Page 129 and 130:
elated Permitted Short-Sale Obligat
Page 131 and 132:
Collateral Manager on its behalf) r
Page 133 and 134:
Asset Category S&P Senior Advance R
Page 135 and 136:
Asset Category Less than or equal t
Page 137 and 138:
Asset Category Less than or equal t
Page 139 and 140:
FORM OF THE VF NOTES AND THE NOTES
Page 141 and 142:
five years (in the case of interest
Page 143 and 144:
2. Book-Entry Ownership (a) (b) DTC
Page 145 and 146:
Closing Date will be required, by v
Page 147 and 148:
RATINGS OF THE NOTES It is a condit
Page 149 and 150:
Mrs Maria Chr. van der Sluijs Plant
Page 151 and 152:
There may be circumstances where de
Page 153 and 154:
International Business from Northea
Page 155 and 156: DESCRIPTION OF THE COLLATERAL ADMIN
Page 157 and 158: DESCRIPTION OF THE COLLATERAL MANAG
Page 159 and 160: Automatic Termination of the Collat
Page 161 and 162: DESCRIPTION OF THE TERMS AND CONDIT
Page 163 and 164: Replacement of VF-1 Noteholders In
Page 165 and 166: "Interbank Rate Advance" means an A
Page 167 and 168: DESCRIPTION OF THE SECURITY AND INT
Page 169 and 170: Senior Indebtedness or Class B Note
Page 171 and 172: dealings (including in the case of
Page 173 and 174: "Minor Trade" means a sale or other
Page 175 and 176: Specified Notes The conditions cons
Page 177 and 178: any), provided that in relation to
Page 179 and 180: TAX CONSIDERATIONS General For purp
Page 181 and 182: the marketing of the Specified Note
Page 183 and 184: non-contingent principal payments o
Page 185 and 186: discussion below assumes that the I
Page 187 and 188: CERTAIN ERISA CONSIDERATIONS The U.
Page 189 and 190: meets all relevant legal requiremen
Page 191 and 192: This Offering Circular has been pre
Page 193 and 194: TRANSFER RESTRICTIONS Because of th
Page 195 and 196: in a Regulation S Global Note, the
Page 197 and 198: eliminates United States federal in
Page 199 and 200: (4) It acknowledges that the Issuer
Page 201 and 202: GENERAL INFORMATION 1. Clearing Sys
Page 203 and 204: GLOSSARY € ......................
Page 205: Initial Issuance Class B Notes ....
show all

ROCKALL CLO B.V. - Irish Stock Exchange

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?