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Euro Atlantis is a €241.5 million static collateralized loan obligation that closed in June 2008. The Euro Atlantis portfolio includes primarily European senior secured leveraged loans, the majority of which were originally selected by third party managers and held on a major bank’s balance sheet. The transaction, which is free of reinvestment risk, offered a diversified and fully ramped loan portfolio, as well as a short weighted average life for the senior debt liability tranches.
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| Closing Date |
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June 24, 2008 |
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| Initial Measurement Date |
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June 23, 2008 |
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| Distribution Dates |
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May 15 and November 15 |
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| End of Non-Call Period |
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May 15, 2011 |
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| Maturity Date |
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May 15, 2020 |
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Type
Cash Flow CLO
Underwriter
Citigroup
Rating Agencies
Moody’s, S&P
Trustee
Bank of New York
Portfolio Manager
Jonathan Butler
CDO Analyst
Sarah McMullen
+44 (0)20 7766 2539
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Tranche |
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Initial Ratings |
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Current Ratings |
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Principal Amount (€) |
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Interest Rate |
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Class A Notes |
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AAA/Aaa |
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A/A2 |
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171,125,000 |
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6M EURIBOR + 1.70% |
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Class B Notes |
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AA/Aa2 |
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BBB+/Ba3 |
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11,400,000 |
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6M EURIBOR + 3.25% |
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Class C Notes |
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A/A2 |
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BB+/Caa1 |
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7,325,000 |
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6M EURIBOR + 4.50% |
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Class D Notes |
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BBB/Baa2 |
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BB-/Ca |
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9,250,000 |
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6M EURIBOR + 6.50% |
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Subordinated Notes |
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NR |
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NR |
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42,400,000 |
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Excess Interest |
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Total |
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241,500,000 |
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