<SEC-DOCUMENT>0000919574-20-002592.txt : 20200327
<SEC-HEADER>0000919574-20-002592.hdr.sgml : 20200327
<ACCEPTANCE-DATETIME>20200327095754
ACCESSION NUMBER: 0000919574-20-002592
CONFORMED SUBMISSION TYPE: D/A
PUBLIC DOCUMENT COUNT: 1
ITEM INFORMATION: <ITEMS>06b
ITEM INFORMATION: Investment Company Act Section 3(c)
ITEM INFORMATION: Section 3(c)(7)
FILED AS OF DATE: 20200327
DATE AS OF CHANGE: 20200327
EFFECTIVENESS DATE: 20200327
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Silverback Opportunistic Credit Fund Ltd.
CENTRAL INDEX KEY: 0001469490
IRS NUMBER: 000000000
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: D/A
SEC ACT: 1933 Act
SEC FILE NUMBER: 021-134774
FILM NUMBER: 20748549
BUSINESS ADDRESS:
STREET 1: ELIAN FIDUCIARY SERVICES (CAYMAN) LTD.
STREET 2: 89 NEXUS WAY, CAMANA BAY
CITY: GRAND CAYMAN
STATE: E9
ZIP: KY1-9007
BUSINESS PHONE: (888) 722-3302
MAIL ADDRESS:
STREET 1: 1414 RALEIGH ROAD
STREET 2: SUITE 250
CITY: CHAPEL HILL
STATE: NC
ZIP: 27517
FORMER COMPANY:
FORMER CONFORMED NAME: Silverback Asset Management, LLC
DATE OF NAME CHANGE: 20170131
FORMER COMPANY:
FORMER CONFORMED NAME: SILVERBACK ARBITRAGE FUND LTD.
DATE OF NAME CHANGE: 20131107
FORMER COMPANY:
FORMER CONFORMED NAME: INVESTCORP SILVERBACK ARBITRAGE FUND LTD.
DATE OF NAME CHANGE: 20100923
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>
<schemaVersion>X0708</schemaVersion>
<submissionType>D/A</submissionType>
<testOrLive>LIVE</testOrLive>
<primaryIssuer>
<cik>0001469490</cik>
<entityName>Silverback Opportunistic Credit Fund Ltd.</entityName>
<issuerAddress>
<street1>C/O INTERTRUST SERVICES (CAYMAN) LIMITED</street1>
<street2>190 ELGIN AVENUE, GEORGE TOWN</street2>
<city>GRAND CAYMAN</city>
<stateOrCountry>E9</stateOrCountry>
<stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
<zipCode>KY1-9007</zipCode>
</issuerAddress>
<issuerPhoneNumber>919-969-4315</issuerPhoneNumber>
<jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
<issuerPreviousNameList>
<previousName>Investcorp Silverback Arbitrage Fund Ltd.</previousName>
<previousName>Silverback Arbitrage Fund Ltd.</previousName>
</issuerPreviousNameList>
<edgarPreviousNameList>
<previousName>Silverback Asset Management, LLC</previousName>
<previousName>SILVERBACK ARBITRAGE FUND LTD.</previousName>
<previousName>INVESTCORP SILVERBACK ARBITRAGE FUND LTD.</previousName>
</edgarPreviousNameList>
<entityType>Other</entityType>
<entityTypeOtherDesc>Cayman Islands Exempted Company</entityTypeOtherDesc>
<yearOfInc>
<overFiveYears>true</overFiveYears>
</yearOfInc>
</primaryIssuer>
<relatedPersonsList>
<relatedPersonInfo>
<relatedPersonName>
<firstName>--</firstName>
<middleName>--</middleName>
<lastName>Silverback Asset Management, LLC</lastName>
</relatedPersonName>
<relatedPersonAddress>
<street1>1414 Raleigh Road</street1>
<street2>Suite 250</street2>
<city>Chapel Hill</city>
<stateOrCountry>NC</stateOrCountry>
<stateOrCountryDescription>NORTH CAROLINA</stateOrCountryDescription>
<zipCode>27517</zipCode>
</relatedPersonAddress>
<relatedPersonRelationshipList>
<relationship>Executive Officer</relationship>
</relatedPersonRelationshipList>
<relationshipClarification>Investment Manager</relationshipClarification>
</relatedPersonInfo>
<relatedPersonInfo>
<relatedPersonName>
<firstName>Elliot</firstName>
<lastName>Bossen</lastName>
</relatedPersonName>
<relatedPersonAddress>
<street1>c/o Silverback Asset Management, LLC</street1>
<street2>1414 Raleigh Road, Suite 250</street2>
<city>Chapel Hill</city>
<stateOrCountry>NC</stateOrCountry>
<stateOrCountryDescription>NORTH CAROLINA</stateOrCountryDescription>
<zipCode>27517</zipCode>
</relatedPersonAddress>
<relatedPersonRelationshipList>
<relationship>Director</relationship>
</relatedPersonRelationshipList>
</relatedPersonInfo>
<relatedPersonInfo>
<relatedPersonName>
<firstName>Julian</firstName>
<lastName>Fletcher</lastName>
</relatedPersonName>
<relatedPersonAddress>
<street1>c/o Carne Global Financial Svs. (Cayman)</street1>
<street2>802 West Bay Road, Box 30827</street2>
<city>Grand Cayman</city>
<stateOrCountry>E9</stateOrCountry>
<stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
<zipCode>KY1-1204</zipCode>
</relatedPersonAddress>
<relatedPersonRelationshipList>
<relationship>Director</relationship>
</relatedPersonRelationshipList>
</relatedPersonInfo>
<relatedPersonInfo>
<relatedPersonName>
<firstName>Peter</firstName>
<lastName>Heaps</lastName>
</relatedPersonName>
<relatedPersonAddress>
<street1>c/o Carne Global Financial Svs. (Cayman)</street1>
<street2>802 West Bay Road, Box 30827</street2>
<city>Grand Cayman</city>
<stateOrCountry>E9</stateOrCountry>
<stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
<zipCode>KY1-1204</zipCode>
</relatedPersonAddress>
<relatedPersonRelationshipList>
<relationship>Director</relationship>
</relatedPersonRelationshipList>
</relatedPersonInfo>
</relatedPersonsList>
<offeringData>
<industryGroup>
<industryGroupType>Pooled Investment Fund</industryGroupType>
<investmentFundInfo>
<investmentFundType>Hedge Fund</investmentFundType>
<is40Act>false</is40Act>
</investmentFundInfo>
</industryGroup>
<issuerSize>
<aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
</issuerSize>
<federalExemptionsExclusions>
<item>06b</item>
<item>3C</item>
<item>3C.7</item>
</federalExemptionsExclusions>
<typeOfFiling>
<newOrAmendment>
<isAmendment>true</isAmendment>
<previousAccessionNumber>0000919574-19-002921</previousAccessionNumber>
</newOrAmendment>
<dateOfFirstSale>
<value>2006-08-01</value>
</dateOfFirstSale>
</typeOfFiling>
<durationOfOffering>
<moreThanOneYear>true</moreThanOneYear>
</durationOfOffering>
<typesOfSecuritiesOffered>
<isEquityType>true</isEquityType>
<isPooledInvestmentFundType>true</isPooledInvestmentFundType>
</typesOfSecuritiesOffered>
<businessCombinationTransaction>
<isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
</businessCombinationTransaction>
<minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
<salesCompensationList>
<recipient>
<recipientName>N.A. Investcorp LLC</recipientName>
<recipientCRDNumber>134162</recipientCRDNumber>
<associatedBDName>None</associatedBDName>
<associatedBDCRDNumber>None</associatedBDCRDNumber>
<recipientAddress>
<street1>280 PARK AVENUE</street1>
<street2>39TH FLOOR</street2>
<city>NEW YORK</city>
<stateOrCountry>NY</stateOrCountry>
<stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
<zipCode>10017</zipCode>
</recipientAddress>
<statesOfSolicitationList>
<state>AL</state>
<description>ALABAMA</description>
<state>CA</state>
<description>CALIFORNIA</description>
<state>GA</state>
<description>GEORGIA</description>
<state>IL</state>
<description>ILLINOIS</description>
<state>NY</state>
<description>NEW YORK</description>
<state>OH</state>
<description>OHIO</description>
<state>VA</state>
<description>VIRGINIA</description>
</statesOfSolicitationList>
<foreignSolicitation>false</foreignSolicitation>
</recipient>
</salesCompensationList>
<offeringSalesAmounts>
<totalOfferingAmount>Indefinite</totalOfferingAmount>
<totalAmountSold>515869828</totalAmountSold>
<totalRemaining>Indefinite</totalRemaining>
</offeringSalesAmounts>
<investors>
<hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
<totalNumberAlreadyInvested>12</totalNumberAlreadyInvested>
</investors>
<salesCommissionsFindersFees>
<salesCommissions>
<dollarAmount>0</dollarAmount>
<isEstimate>true</isEstimate>
</salesCommissions>
<findersFees>
<dollarAmount>0</dollarAmount>
<isEstimate>true</isEstimate>
</findersFees>
<clarificationOfResponse>The recipient listed in Item 12 was paid an amount equal to a percentage of the management fee paid to the Investment Manager (or its affiliate) attributable to certain assets under management and/or the incentive fee.</clarificationOfResponse>
</salesCommissionsFindersFees>
<useOfProceeds>
<grossProceedsUsed>
<dollarAmount>0</dollarAmount>
<isEstimate>true</isEstimate>
</grossProceedsUsed>
<clarificationOfResponse>The Investment Manager is paid customary management fees and non-affiliated Directors are paid customary directors' fees.</clarificationOfResponse>
</useOfProceeds>
<signatureBlock>
<authorizedRepresentative>false</authorizedRepresentative>
<signature>
<issuerName>Silverback Opportunistic Credit Fund Ltd.</issuerName>
<signatureName>/s/ Laura Kleber</signatureName>
<nameOfSigner>Laura Kleber</nameOfSigner>
<signatureTitle>CCO of the Investment Manager</signatureTitle>
<signatureDate>2020-03-27</signatureDate>
</signature>
</signatureBlock>
</offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>