DBRS Discontinues Rating on Commitments Issued by FS Senior Funding LLC

DBRS, Inc. (DBRS) has today discontinued the ratings of AA (sf) on the Class A-R Commitment (up to $100,000,000), the Class A-T-1 Commitment (up to $50,000,000) and the Class A-T-2 Commitment (up to $50,000,000) issued by FS Senior Funding LL (Class A-R Commitment, Class A-T-1 Commitment and Class A-T-2 Commitment, collectively referred to as the Commitments).

The Commitments were issued pursuant to the Amended and Restated Credit Agreement, dated as October 16, 2014, between FS Senior Funding LLC as Borrower, Natixis as Administrative Agent, U.S. Bank National Association as Collateral Agent and Custodian and the Versailles Assets LLC, Fifth Third Bank and Bleachers Finance I Ltd. as Lenders party thereto from time to time.

The rating action reflects payment in full of the outstanding Commitments and the termination of the Commitments. The DBRS ratings addressed the timely payment of interest and ultimate payment of principal on or before the Final Maturity Date (as defined in the Amended and Restated Credit Agreement referred to above).

Note:
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.

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