DBRS Discontinues Ratings on Loans Issued by Cerberus ICQ Levered II LLC

DBRS, Inc. (DBRS) has today discontinued the ratings on the Class A-R Loans and Class A-T-1 Loans (collectively, the Loans) issued by Cerberus ICQ Levered II LLC up to the Total Commitment of $200,000,000.

The Loans were issued pursuant to the Credit Agreement dated as of November 6, 2015 (as amended by Amendment No. 1, dated as of February 11, 2016, and by Amendment No. 2 dated as of September 7, 2016), among Cerberus ICQ Levered II LLC as Borrower; Cerberus ICQ Levered Loan Opportunities Fund, L.P. as Servicer; Natixis, New York Branch, as Administrative Agent; U.S. Bank National Association as Collateral Agent; and the Lenders party thereto.

The rating actions reflects repayment in full of the outstanding Loans.

The DBRS ratings addressed Cerberus ICQ Levered II LLC’s ability to make timely payments of interest and ultimate payment of principal on or before the Final Maturity Date (as defined in the Credit Agreement referred to above).

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

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

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

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.