DBRS Discontinues Ratings on Loans Issued by Brightwood Capital Fund III Holdings SPV, LLC

DBRS, Inc. (DBRS) has today discontinued the ratings on the Class A-R Loans, Class A-T Loans and Class B Loans (together, the Loans) issued by Brightwood Capital Fund III Holdings SPV, LLC pursuant to the Credit Agreement as at April 29, 2016. The discontinuations reflect repayment in full of the outstanding Loans.

The DBRS ratings on the Class A-R Loans and Class A-T Loans addressed Brightwood Capital Fund III Holdings SPV, LLC’s ability to make timely payments of interest and ultimate payment of principal on or before the Stated Maturity Date (as defined in the Credit Agreement referred to above). The DBRS rating on the Class B Loans addressed Brightwood Capital Fund III Holdings SPV, LLC’s ability to make ultimate payments of interest and principal on or before the Stated Maturity Date.

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

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