Senior Loan Facility

News

• 13.08.2020
  Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
• 21.07.2020
  Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
• 17.04.2020
  Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
• 27.12.2019
  Creditreform Rating confirmed the follow up ratings for the issues of senior and mezzanine obligations of TRFI Funding B.V. (Netherlands). The issue proceeds are used to fund a portfolio of trade receivables of Dutch SMEs. The senior notes were assigned BBB sf with stable outlook whereas the mezzanine notes were assigned B sf with negative outlook.
  The primary key rating drivers were the development of the purchased portfolio in terms of purchase price discounts, granularity and credit quality of sellers/debtors, program usage, terms of receivables, development of defaults, dilutions and comminglings. However, a shrinking margins trend might constitute new challenges in the future.
  The ratings apply to the following series:
  Series Class Rating:
  Senior Loan Facility Senior BBB sf / outlook stable
  Bond Series 28 Senior BBB sf / outlook stable
  Bond Series 30 Mezzanine B sf / outlook negative
  Bond Series 32 Mezzanine B sf / outlook negative
  Bond Series 34 Mezzanine B sf / outlook negative
  Bond Series 40 Mezzanine B sf / outlook negative