Avery Point VI ordered to redeem class A, B, C, D notes by refinancing

By Wendy Van Sickle

Columbus, Ohio, Aug 7 – Avery Point VI CLO, Ltd./Avery Point VI CLO, Corp. received direction from holders of a majority of its subordinated notes to redeem four classes of its secured notes, according to a notice.

The class A, B, C, D notes will be redeemed on or after Sept. 24 via a refinancing. The issuer will issue the following refinancing notes:

• $302.5 million of class A-R notes;

• $57 million of class B-R notes;

• $43 million of class C-R notes; and

• $30 million of class D-R notes.

U.S. Bank, NA is the trustee.

Bain Capital Credit, LP is the portfolio manager.

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