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Marble Point Loan Financing Limited
04 February 2021
4 February 2021
MARBLE POINT LOAN FINANCING LIMITED
CLO CLOSING ANNOUNCEMENT
Marble Point Loan Financing Limited ("MPLF") has invested
US$12.7 million in Marble Point CLO XIX Ltd. ("Marble Point CLO
XIX"), a new issue CLO.
CLO Issuer: Marble Point CLO XIX Ltd.
CLO Collateral Manager: Marble Point CLO Management LLC
CLO Size: US$400.0 million
MPLF Investment (Amount): US$12.7 million
MPLF Investment (%): 36.7% of the CLO equity
Pricing Date: 23 December 2020
Closing Date: 3 February 2021
Effective Yield (estimated): 12.0-14.0 %(1)
Barclays Capital Inc. acted as Initial Purchaser and Sole
Bookrunner.
Marble Point CLO XIX is expected to have, approximately, a five
year reinvestment period, two year non-call period and 13 year
maturity. Its expected weighted average cost of debt is LIBOR + 197
basis points.(1)
(1) Figures shown for effective yield and weighted average cost
of debt are estimated, unaudited, subject to change and based on
the analysis of Marble Point Credit Management LLC, the investment
manager of MPLF, as at the Closing Date. The estimated effective
yield figure is provided for illustrative purposes only. The actual
effective yield, as recorded by MPLF, MP CLOM or other entity
holding the investment, may vary over time.
Enquiries:
Marble Point Loan Financing Limited
Investor Relations
T: +44 (0) 20 7259 1500
E: ir@mplflimited.com
Website: www.mplflimited.com
Corporate Broker :
Stifel Nicolaus Europe Limited
T: +44 (0) 20 7710 7600
Financial Public Relations :
Charlie Barker / Catherine Chapman
MHP Communications
T: +44 (0) 20 3128 8100
MarblePoint@mhpc.com
ABOUT MARBLE POINT LOAN FINANCING LIMITED
Marble Point Loan Financing Limited (the "Company") is a
Guernsey-domiciled closed-ended investment company with its
ordinary shares ("Shares") admitted to trading on the Specialist
Fund Segment of the Main Market of the London Stock Exchange
(ticker: MPLF.LN). The Company is invested in a diversified
portfolio of US dollar denominated, broadly syndicated floating
rate senior secured corporate loans via CLOs, loan accumulation
facilities and other vehicles managed by Marble Point Credit
Management LLC ("Marble Point") or its affiliates. Marble Point is
an investment adviser registered with the U.S. Securities and
Exchange Commission.
Important Information
This document has been issued by the Company and is the sole
responsibility of the Company. This document and the information
and views included herein do not constitute investment advice, or a
recommendation or an offer to enter into any transaction with the
Company or any of its affiliates. Each recipient of this document
should make such investigations as it deems necessary to arrive at
an independent evaluation of any investment and should consult its
own legal counsel and financial, actuarial, accounting, regulatory
and tax advisers to evaluate any such investment. This document is
provided for informational purposes only, does not constitute an
offer to sell any Shares or a solicitation of an offer to purchase
any Shares in the United States, Australia, Canada, the Republic of
South Africa, Japan or any other jurisdiction, and is not a
prospectus. This document may not be relied upon and should not be
used for the purpose of making any investment decision.
Past performance is not a reliable indicator of current of
future results. The value of investments may go down as well as up
and investors may not get back any of the amount invested. The
value of investments designated in another currency may rise and
fall due to exchange rate fluctuations in respect of the relevant
currencies. Adverse movements in currency exchange rates can result
in a decrease in return and a loss of capital.
This document is for information purposes only. No recipient may
forward, reproduce, distribute, or make available in whole or in
part, this document (directly or indirectly) to any other person.
The distribution of this document in certain jurisdictions may be
restricted by law and recipients of this document should inform
themselves about and observe any such restrictions and other
applicable legal requirements in their jurisdictions. This
document, and the information contained therein, is not for
viewing, release, distribution or publication in or into the United
States, Australia, Canada, the Republic of South Africa or Japan or
any other jurisdiction where applicable laws prohibit its release,
distribution or publication, and will not be made available to any
national, resident or citizen of the United States, Australia,
Canada, the Republic of South Africa or Japan. The distribution of
this document in other jurisdictions may be restricted by law and
persons into whose possession this document comes must inform
themselves about, and observe, any such restrictions. Any failure
to comply with the restrictions may constitute a violation of the
federal securities law of the United States or the laws of other
jurisdictions.
The Shares have not been and will not be registered under the
U.S. Securities Act of 1933, as amended, or with any securities
regulatory authority of any state or other jurisdiction of the
United States and may not be offered or sold in the United States
to, or for the account or benefit of, U.S. persons unless they are
registered under applicable law or exempt from registration. The
Company has not been and will not be registered under the U.S.
Investment Company Act of 1940, and investors will not be entitled
to the benefits of such Act.
There is no guarantee that any of the goals, targets or
objectives described in this document will be achieved. The
investment strategies of the Company described herein may not be
suitable for all investors and are not intended to constitute a
complete investment program. Neither Marble Point nor the Company
makes any representation or warranty (express or implied) with
respect to the information contained herein (including, without
limitation, information obtained from third parties) and each of
them expressly disclaims any and all liability based on or relating
to the information contained in, or errors or omissions from, these
materials; or based on or relating to the use of these materials;
or any other written or oral communications transmitted to the
recipient or any of its affiliates or representatives in the course
of its evaluation of the information herein.
None of the Company, Marble Point or any of their respective
parent or subsidiary undertakings, or the subsidiary undertaking of
any such parent undertakings, or any of such person's respective
partners, shareholders, directors, members, officers, affiliates,
agents, advisors or representatives shall have any liability
whatsoever (in negligence or otherwise) for any loss howsoever
arising from any information or opinions presented or contained in
this document nor shall they accept any responsibility whatsoever
for, or make any warranty, express or implied, as to the truth,
fullness, accuracy or completeness of the information in this
document (or whether any information has been omitted from the
document) or any other information relating to the Company, Marble
Point or their respective subsidiaries or associated companies, in
any form whatsoever, howsoever transmitted or made available or for
any loss howsoever arising from any use of this document or its
contents or otherwise arising in connection therewith. This shall
not affect any liability any such person may have which may not be
excluded under applicable law or regulation.
A Note on Forward Looking Statements. This document includes
forward-looking statements. Forward-looking statements include all
matters that are not historical facts. Actual results may differ
materially from any results projected in the forward-looking
statements and are subject to risks and uncertainties. Such
statements are based on current expectations, involve known and
unknown risks, a reliance on third parties for information, and
other factors that may cause actual results to differ materially
from the anticipated results expressed or implied by such
forward-looking statements. The Company and Marble Point caution
readers not to place undue reliance on such statements. Neither the
Company nor Marble Point undertakes, and each specifically
disclaims, any obligation or responsibility, to update any
forward-looking statements to reflect occurrences, developments,
unanticipated events or circumstances after the date of such
statement. Actual results may differ materially from the Company's
and/or Marble Point's expectations and estimates.
The information provided herein is estimated, unaudited, for
background purposes only, representative as at the dates specified
herein, subject to adjustment and not purported to be full or
complete. Nothing herein shall be relied upon as a representation
as to the current or future performance or portfolio holdings of
the Company or any strategy or investment vehicle. Certain
information presented herein has been obtained from third party
sources and is believed to be reliable. However, neither the
Company nor Marble Point represents that the information contained
in this document (including third party information) has been
independently verified or is accurate or complete, and it should
not be relied upon as such. Index information, if any, has been
provided for illustration purposes only. Any such information does
not reflect the effect of transaction costs, management fees or
other costs which would reduce returns. An investor cannot invest
directly in an index.
Any of the views or opinions expressed herein are current views
and opinions only and may be subject to change. Statements made
herein are as of the date of this document and should not be relied
upon as of any subsequent date. All information is current as of
the date of this document and is subject to change without
notice.
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END
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