The Maples Group was pleased to support the Issuer and the Co-Issuer on the Cayman Islands and Delaware, legal, listing and fiduciary aspects of its middle market collaterised loan obligation ("CLO").  The deal, which priced on 13 August 2019 at $US 501 million, was arranged by Natixis and was hugely novel as it was the first ever US CLO transaction to employ a Cayman Islands LLC as its issuer. 

The
Maples Group's law firm, Maples and Calder, led by Finance partner,
James Reeve and associate, Jonathan Brown, acted as Cayman Islands
legal adviser to the Issuer and also advised the Issuer and the
Co-Issuer in respect of their listing of the debt securities on the
Cayman Islands Stock Exchange.  Fiduciary services to both the
Issuer in the Cayman Islands and the Co-Issuer in Delaware were also
provided by the Maples Group's fiduciary team, led by Nicolas Rogivue
in the Cayman Islands and Jeffery Everhart in Delaware.

The
Issuer and the Portfolio Manager were advised by Dechert in the US.
Natixis was advised by Allen & Overy and the Collateral Trustee,
Loan Agent and Collateral Administrator were advised by Seward &
Kissel.

Mark
Matthews, Global Head of Finance at the Maples Group's law firm,
commented: "We are very pleased to have been able to assist our
longstanding client Bain Capital in closing this novel transaction,
which exemplifies the Maples Group's comprehensive CLO offering,
where we have the ability, through our international business
offering, to provide innovative global legal, listing and fiduciary
services for all aspects of a CLO manager's business."

In January 2019, Maples and Calder and MaplesFS consolidated their offerings under a single brand, now called the Maples Group, bringing together their internationally recognised services to address demand from clients for a complete and seamless service unique to the industry. The synergies between the law firm's global finance practice leveraged by the funds and fiduciary business lines ensures that the Maples Group are one of the few international organisations that can seamlessly service clients across multiple major global financial markets with a robust 'one-stop shop' for complex finance transactions.

About The Maples Group

The Maples Group is a leading service provider
offering clients a comprehensive range of legal services on the laws
of the British Virgin Islands, the Cayman Islands, Ireland, Jersey
and Luxembourg and is an independent provider of fiduciary, fund
services, regulatory and compliance, and entity formation and
management services. The Maples Group distinguishes itself with a
client-focused approach, providing solutions tailored to their
specific needs. Its global network of lawyers and industry
professionals are strategically located in the Americas, Europe, Asia
and the Middle East to ensure that clients gain immediate access to
expert advice and bespoke support, within convenient time zones. For
more information, please visit: maples.com.