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Silverado 2006-II, Ltd. a limited liability Cayman Islands entity, issued securities secured primarily by a portfolio of leveraged loans.

  • Closing Date: November 20071
  • Stated Maturity: October 2020
  • Reinvestment Period Ends: October 2013
  • Assets: Floating Rate Loans

 


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

Security Issued Moody's/S&P Ratings2 Amount of Issuance
(in millions)
Coupon/Spread
Class A-1 Aaa/AAA $107.25 LIBOR + 24
Class A-1S Aaa/AAA $135.00 LIBOR + 22.8
Class A-1J Aa1/AAA $15.00 LIBOR + 35
Class A-2 Aa2/AA $16.00 LIBOR + 40
Class B A2/A $20.75 LIBOR + 69
Class C Baa3/BBB- $17.50 LIBOR + 175
Class D Ba2/BB $12.25 LIBOR + 375
Subordinated Notes NR $26.25 Excess Spread
  Total: $350.00  


1. Original closing date of October 2006. NYLIM was appointed as successor portfolio manager on November 1, 2007.
2. 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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