Deutsche Bank Trust and Agency Services (TAS) appointed on CVC Cordatus Loan Fund XXVII DAC
Deutsche Bank’s Trust and Agency Services (TAS) team has supported on CVC Credit’s second European CLO of 2023.
The €442.3m collateralised loan obligation (CLO) has a two-year non-call period with a four-year reinvestment period. It comprises eight classes of senior secured notes totaling €408.1m, with subordinated class notes totaling €34.2m all due in 2035.
TAS has been appointed collateral administrator, principal paying agent, calculation agent, trustee, registrar, transfer agent, information agent and MMF Investment agent on the transaction.
Jason Connery, Head of TAS EMEA, said: “CVC Credit and Deutsche Bank have established a long-standing relationship which demonstrates our focus and commitment to providing the best quality service to our clients.”
About CVC Credit
CVC Credit is the credit management business of CVC. CVC Credit is a global credit asset manager with offices in the U.S. and Europe, more than 60 investment professionals and €38 billion assets under management. The platform seeks to generate for its investors attractive risk-adjusted returns on capital throughout the credit cycle. CVC Credit has built a diverse business which creates significant synergies across its investment strategies. For further information about CVC Credit please visit: https://www.cvc.com/credit/overview, or follow on LinkedIn.