Blackstone/GSO Loan Financing Ltd Change in Personnel (9584W)

TIDMBGLF

RNS Number : 9584W

Blackstone/GSO Loan Financing Ltd

15 February 2017

15 February 2017

Blackstone / GSO Loan Financing Limited (the "Company")

Change in Personnel

The Company invests in floating rate senior secured loans directly and indirectly through CLO Securities via its investment in Blackstone / GSO Corporate Funding ("BGCF"). Blackstone / GSO Debt Funds Management Europe Limited (together with its affiliates, "GSO"), the Service Support Provider to BGCF and the global credit investment platform of Blackstone, has informed the Company that Alan Kerr has decided to leave GSO during 2017. Mr. Kerr is a Senior Managing Director and Head of GSO's European Customized Credit Strategies business ("CCS"). Mr. Kerr joined GSO in 2012 at the time of Blackstone's acquisition of Harbourmaster Capital ("Harbourmaster"), a business which he co-founded in 2001.

Mr. Kerr will be transitioning his management responsibilities to Alex Leonard and Fiona O'Connor who will report to Dan Smith, Global Head of CCS. It is expected that this transition period will run until May 2017. Following the transition of his responsibilities, Mr. Kerr will remain with the firm as Senior Adviser to Blackstone. Mr. Kerr is looking forward to tackling new challenges after taking some time out with his family.

Mr. Leonard is a Managing Director and Senior Portfolio Manager and Ms. O'Connor is a Managing Director and Head of European Credit Research for CCS. Both Mr. Leonard and Ms. O'Connor joined GSO at the time of Blackstone's acquisition of Harbourmaster in 2012 and have been with the business for 11 and 10 years, respectively.

Bennett Goodman and Tripp Smith, co-founders of GSO, said:

"GSO's European CCS business has prospered over the last five years under Alan's leadership. He has been a great partner and, while we will miss him as a full-time colleague, we are pleased that the firm will continue to benefit from his experience and advice as a Senior Adviser. We wish him every success in his future endeavors."

The Directors of the Company look forward to continuing to work with the extensive team at GSO and would like to thank Alan for his contribution.

 
 Contacts: 
 BNP Paribas 
  Siobhan Lavery            01534 709 181 
 
 Fidante Capital 
  Katie Standley            020 7832 0900 
 N+1 Singer Advisory LLP 
  Gillian Martin            020 7496 3000 
 

NOTE: PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE RESULTS AND THERE CAN BE NO ASSURANCE THAT BGLF WILL ACHIEVE COMPARABLE RESULTS.

IMPORTANT INFORMATION

Any reference herein to future returns or distributions is a target and not a forecast and there can be no guarantee or assurance that it will be achieved.

This document has been issued by Blackstone / GSO Loan Financing Limited (the "Company"), and should not be taken as an inducement to engage in any investment activity and is for the purpose of providing information about the Company. This document does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any share in the Company or securities in any other entity, in any jurisdiction, including the United States, Australia, Canada, Japan, South Africa nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction.

This document, and the information contained therein, is not for viewing, release, distribution or publication in or into the United States, Australia, Canada, Japan, South Africa or any other jurisdiction where applicable laws prohibit its release, distribution or publication, and will not be made available to any national, resident or citizen of the United States, Australia, Canada, Japan or South Africa. The distribution of this document in other jurisdictions may be restricted by law and persons into whose possession this document comes must inform themselves about, and observe, any such restrictions. Any failure to comply with the restrictions may constitute a violation of the federal securities law of the United States and the laws of other jurisdictions.

The shares issued and to be issued by the Company (the "Shares") have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States. The Shares may not be offered, sold, resold, pledged, delivered, distributed or otherwise transferred, directly or indirectly, into or within the United States, or to, or for the account or benefit of, US persons (as defined in Regulation S under the Securities Act). No public offering of the Shares is being made in the United States.

The Company has not been and will not be registered under the US Investment Company Act of 1940, as amended (the "Investment Company Act") and, as such, holders of the Shares will not be entitled to the benefits of the Investment Company Act. No offer, sale, resale, pledge, delivery, distribution or transfer of the Shares may be made except under circumstances that will not result in the Company being required to register as an investment company under the Investment Company Act. Neither the U.S. Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of the Shares or passed upon or endorsed the merits of the offering of the Shares or the adequacy or accuracy of the Prospectus. Any representation to the contrary is a criminal offence in the United States. In addition, the Shares are subject to restrictions on transferability and resale in certain jurisdictions and may not be transferred or resold except as permitted under applicable securities laws and regulations. Investors may be required to bear the financial risks of their investment in the Shares for an indefinite period of time. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdictions.

This document is directed only at: (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005; or (ii) high net worth bodies corporate, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and persons who receive this document who do not fall within (i) or (ii) above should not rely on or act upon this document.

No liability whatsoever (whether in negligence or otherwise) arising directly or indirectly from the use of this document is accepted and no representation, warranty or undertaking, express or implied, is or will be made by the Company, or any of their respective directors, officers, employees, advisers, representatives or other agents ("Agents") for any information or any of the opinions contained herein or for any errors, omissions or misstatements. None of the Agents makes or has been authorised to make any representation or warranties (express or implied) in relation to the Company or as to the truth, accuracy or completeness of this document, or any other written or oral statement provided. In particular, no representation or warranty is given as to the achievement or reasonableness of, and no reliance should be placed on any projections, targets, estimates or forecasts contained in this document and nothing in this document is or should be relied on as a promise or representation as to the future.

Unless otherwise indicated, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date. Recipients of this document are encouraged to contact the Company's representatives to discuss the procedures and methodologies used to make the projections and other information provided herein.

All investments are subject to risk, including the loss of the principal amount invested. Past performance is no guarantee of future returns. All investments to be held by the Company involve a substantial degree of risk, including the risk of total loss. The value of shares and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. You should always seek expert legal, financial, tax and other professional advice before making any investment decision.

Blackstone / GSO Loan Financing Limited is a self-managed Jersey registered alternative investment fund, and is regulated by the Jersey Financial Services Commission. The Jersey Financial Services Commission does not take any responsibility for the financial soundness of the Company or for the correctness of any statements made or expressed in this document.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 15, 2017 05:25 ET (10:25 GMT)