Company name Race Point III
Headline Standard and Poor's Upgrade Notice


RNS Number : 6604G
Race Point III CLO/LLC
02 July 2012
 



 

Company name

Race Point III Clo

Headline

Standard and Poor's upgrade Notice

 

 

 

IRISH STOCK EXCHANGE ANNOUNCEMENT

 

 

 

                                                                                                                               27th June 2012

 

 

Race Point III CLO (the "Company")

U.S. $451,200,000 Class A Senior Secured Floating Rate Notes Due 2020

U.S. $25,200,000 Class B Senior Secured Floating Rate Notes Due 2020

   U.S. $42,000,000 Class C Secured Deferrable Floating Rate Notes Due 2020

U.S. $31,200,000 Class D Secured Floating Rate Notes Due 2020

U.S. $10,800,000 Class E Secured Floating Rate Notes Due 2020

 

Re: Standard and Poor's Upgrade

 

The Issuer hereby wishes to announce that the Class A, B, C, and Class E Notes were upgraded by Standard & Poor's on the 25th June 2012. Detailed as follows:

 

U.S. $451,200,000 Class A Senior Secured Floating Rate Notes Due 2020,               Upgraded to AA+ (sf); from A+ (sf);

U.S. $25,200,000 Class B Senior Secured Floating Rate Notes Due 2020,                  Upgraded to AA (sf); from A- (sf);

U.S. $42,000,000 Class C Secured Deferrable Floating Rate Notes Due 2020,           Upgraded to A- (sf); from BB+ (sf);

U.S. $10,800,000 Class E Secured Floating Rate Notes Due 2020,