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Enhanced Loan Facility III, Ltd., a limited liability Cayman Islands entity issued securities (preferred shares) and entered into a Total Return Swap to receive the economics on the reference leveraged loan portfolio.

  • Closing Date: October 2001
  • Stated Maturity: October 2013
  • Reinvestment Period Ends: October 2008
  • Assets: Floating Rate Loans


Below is a breakdown of the capital structure at original issuance:

Security Issued Fitch Rating1 Amount (in millions) Coupon/Spread
Total Return Swap N/A $330.0 LIBOR + .82%
Mezzanine Swap A+ $30.0 2.00%
Preferred Shares BBB- $30.0 LIBOR + 3.00%, excess spread


1. Original ratings at issuance. Ratings may change and tranche ratings may be different. A credit rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time by the assigning rating agency.

The information contained herein has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. If any offer of securities is made, it shall be made pursuant to a definitive offering circular prepared by or on behalf of a specific issuer which would contain material information not contained herein.



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