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Presale: Lombard Street CLO I PLC Dec 06 Product Image

Presale: Lombard Street CLO I PLC Dec 06

  • Published: December 2006
  • Standard & Poors

FEATURED COMPANIES

  • Lombard Street CLO I PLC
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Abstract
Standard & Poor's Ratings Services has assigned preliminary credit ratings to the -315.875 million (equivalent) floating-rate notes to be issued by Lombard Street CLO I PLC (Lombard Street). At the same time, Lombard Street will issue -34.125 million of unrated notes. At closing, Lombard Street will issue -280 million of notes, the proceeds of which will be invested in a portfolio of predominantly senior secured loans (see chart 1). At the same time, the issuer will enter into a revolving loan facility agreement (revolver) under which it may draw up to -70 million (equivalent) in euros, British pounds sterling, and U.S. dollars. Drawings in euros will only fund euro-denominated collateral, drawings in sterling will only fund sterling-denominated collateral, and drawings...

Companies mentioned in this report are: Lombard Street CLO I PLC

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Lombard Street CLO I PLC

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