DBRS Discontinues Rating on Loans Issued by Fifth Street Senior Loan Fund II LLC

DBRS, Inc. (DBRS) has today discontinued the ratings on the Class A Loans, Class B Loans and Class C Loans (collectively, the Loans) issued pursuant to the Credit Agreement dated as of August 19, 2014.

The rating actions reflect payment in full of the outstanding Loans. The DBRS rating on the Class A Loans addressed Fifth Street Senior Loan Fund II, LLC’s (SLF II) ability to make timely payments of interest and ultimate payment of principal on or before the Final Maturity Date (as defined in the Credit Agreement). The DBRS ratings on the Class B Loans and Class C Loans addressed Fifth Street Senior Loan Fund II, LLC’s ability to make ultimate payments of interest and ultimate payment of principal on or before the Final Maturity Date (as defined in the Credit Agreement).

The Loans were collateralized primarily by a portfolio of U.S. middle-market corporate loans and other corporate obligations. Fifth Street Senior Loan Fund II, LLC is managed by Fifth Street Management LLC.

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

The applicable methodology is Rating CLOs and CDOs of Large Corporate Credit (April 2015), which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.