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Preliminary Ratings Assigned In Alcentra Ltd.'s 15th European CDO Transaction Jul 07
Standard & Poors, July 2007
LONDON (Standard & Poor's) July 17, 2007-Standard & Poor's Ratings Services said today that it assigned its preliminary credit ratings to the -295.8 million senior secured floating-rate notes to be issued by Wood Street CLO VI B.V., an SPE (see list below). In addition, Wood Street CLO VI will issue a class of unrated notes of -30 million. At closing, Wood Street CLO VI will issue floating-rate notes, the proceeds of which, after paying transaction fees and expenses, will be invested in a portfolio of predominantly senior-secured leveraged loans (see chart). The transaction has a seven-year reinvestment period. The collateral manager will be Alcentra Ltd. Wood Street CLO VI B.V. is a private company with limited liability ("besloten vennootschap met...
Companies mentioned in this report are: Wood Street CLO VI B.V.
Action: Preliminary Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Wood Street CLO VI B.V.