DBRS Discontinues Ratings on Loans Issued by Northwoods Capital XVI, Limited

DBRS, Inc. (DBRS) discontinued the ratings on the Senior Funding Facility and the Mezzanine Funding Facility (together, the Facilities) issued by Northwoods Capital XVI, Limited, as per the Warehouse Agreement dated as of May 16, 2017. The discontinuations reflect the repayment in full of the Facilities.

The rating on the Senior Funding Facility addressed the timely payment of the Senior Base Interest Amount and Senior Additional Payment Amounts, and the ultimate payment of Senior Funding Amounts on or before the Scheduled Maturity Date in May 2026. The rating on the Mezzanine Funding Facility addressed the ultimate payment of the Mezzanine Base Interest Amount and Mezzanine Additional Payment Amounts, and the ultimate payment of the Mezzanine Funding Amounts on or before the Scheduled Maturity Date in May 2026. For the avoidance of doubt, these ratings did not address the Senior Additional Interest Amount or the Mezzanine Additional Interest Amount.

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

The principal methodology is Rating Methodology for CLOs and CDOs of Large Corporate Credit, which can be found on dbrs.com under Methodologies.

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

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