ARC Ratings has accorded a final, long-term public rating of ‘A(sf)’ to the Revolving Warehouse Credit Facility provided by BNP Paribas to Regatta XII Funding Limited, with stable outlook. ARC notes the structure is in the Post Pricing phase, with the facility expected to be repaid on 15 October 2019, the CLO Takeover Date. The CLO Takeover Date is the day on which the Borrower, Regatta XII Funding Limited will issue CLO Securities and in turn repay the facility.