DBRS Discontinues Ratings on Loans Issued by Cerberus ICQ Levered LLC

DBRS, Inc. (DBRS) has today discontinued the ratings on the Class A-R Loans up to the Total Class A-R Commitment of $130,000,000 and the Class A-T Loans up to the Total Class A-T Commitment of $195,000,000 (collectively, the Loans) issued by Cerberus ICQ Levered LLC.

The Loans were issued pursuant to the Amendment No. 1 to Amended and Restated Credit Agreement dated April 30, 2015, among Cerberus ICQ Levered LLC as Borrower; Cerberus ICQ Levered Loan Opportunities Fund, L.P. as Servicer; Natixis, New York Branch as Administrative Agent; and Wells Fargo Bank, National Association as Collateral Agent, as well as Lenders party thereto from time to time.

The rating actions reflects repayment in full of the outstanding Loans.

The DBRS rating addressed Cerberus ICQ Levered LLC’s ability to make timely payments of interest and ultimate payment of principal on or before the Final Maturity Date of the Loans.

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

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

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

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.