DBRS Discontinues Ratings on Notes Issued by Salus CLO 2012-1 Ltd.

DBRS, Inc. (DBRS) has today discontinued the ratings on the notes issued by Salus CLO 2012-1 Ltd. pursuant to the Second Amended and Restated Indenture (Indenture) dated as of June 3, 2015. The discontinuations reflect repayment in full of the outstanding notes.

The ratings on the Class A-2-X Notes and the Class B-X Notes addressed the timely payment of interest and the ultimate payment of principal on or before their respective Stated Maturity (as defined in the Indenture). The ratings on the Class C-X Notes, the Class D-X Notes and the Class E-X Notes addressed the ultimate payment of interest and the ultimate payment of principal on or before their respective Stated Maturity (as defined in the Indenture).

The notes issued by Salus CLO 2012-1 Ltd. were collateralized by a portfolio of primarily senior secured middle-market loans originated by Salus Capital Partners, LLC (Salus), a subsidiary of Harbinger Group, Inc. Salus Capital Partners II, LLC, a subsidiary of Salus, acted as the collateral manager for Salus CLO 2012-1 Ltd.

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.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

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