Adams Mill CLO withdraws class D notes from July 17 refinancing

By Wendy Van Sickle

Columbus, Ohio, June 30 – Adams Mill CLO Ltd./Adams Mill CLO LLC withdrew its class D notes from a planned refinancing, according to a notice from trustee U.S. Bank, NA

The issuer had requested consents for the refinancing on April 17 in a solicitation that was scheduled to end at 5 p.m. ET on June 30.

The refinancing has been approved by the requisite percentage of the holders of the subordinated notes, according to the latest update.

Under the revised refinancing, Adams Mill will refinance the following notes, with the prices reflecting par plus accrued interest to the refinancing date of July 17:

• $232,163,128.07 of class A-1 notes;

• $105,687,015.12 of class A-2 notes;

• $46,997,246.28of class B-1 notes;

• $25,256,875.00 of class B-2 notes;

• $17,305,011.36 of class C-1 notes; and

• $7,092,785.00 of class C-2 notes.

The record date is set for July 16.

New York City-based Shenkman Capital Management, Inc. is the collateral manager.

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