DBRS Discontinues Rating on Revolving Credit Facility issued by Cerberus AUS Levered LP

DBRS, Inc. (“DBRS”) has today discontinued the rating of AAA (sf) on the Revolving Credit Facility (the “Facility”) contemplating advances to be made by the lenders thereunder up to a Total Commitment of $65,000,000 pursuant to the Credit Agreement dated as of September 27, 2012. This rating action reflects payment in full of the Revolving Credit Facility under the Payoff Letter dated June 10, 2014.

The rating addressed Cerberus AUS Levered LP’s ability to make timely payments of interest and ultimate payment of principal on or before the Final Maturity Date of the Facility. The Facility is collateralized primarily by a portfolio of U.S. middle market corporate loans and other corporate obligations. The Facility is managed by CAL I GP LLC, an affiliate of Cerberus Capital Management, L.P.

The principal methodology applicable to this transaction is “Rating CLOs and CDOs of Large Corporate Credit” which can be found on our website under Methodologies.

This credit rating has been issued outside the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU.

Note:
All figures are in U.S. dollars unless otherwise noted.