DBRS Discontinues Ratings on the Class A-R Loans and Class A-T Loans Issued by Brightwood Capital Fund III Holdings SPV, LLC

DBRS, Inc. (DBRS) has today discontinued the ratings on the Class A-R Loans and the Class A-T Loans (collectively, the Loans) issued by Brightwood Capital Fund III SPV, LLC pursuant to the Second Amended and Restated Credit Agreement, dated as of December 16, 2015 (as amended by that certain Amendment No. 1 to the Second Amended and Restated Credit Agreement dated as of February 11, 2016), among Brightwood Capital Fund III Holdings SPV, LLC as Borrower; Natixis, New York Branch as the Administrative Agent; Brightwood Capital Fund III Holdings, LP as Administrative Agent for the Subordinated Noteholders; U.S. Bank National Association as Collateral Agent and Custodian; and the Lenders and Subordinated Noteholders party thereto.

The rating actions reflect repayment in full of the outstanding Loans. The DBRS ratings addressed the timely payment of interest and ultimate payment of principal on or before the Loan Stated Maturity (as defined in the Second Amended and Restated Credit Agreement referred to above).

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

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

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