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Ares XXXIII CLO directed to redeem secured, subordinated notes
By Sarah Lizee
Olympia, Wash., May 22 – Ares XXXIII CLO Ltd./Ares XXXIII CLO LLC received direction from a majority of its subordinated notes to redeem six classes of secured notes and the subordinates notes in whole, according to a notice.
The notes will be redeemed on June 5 for the following redemption prices:
• $376,965,816.07 for the class A-1-R notes;
• $80,727,590.77 for the class A-2-R notes;
• $42,579,439.00 for the class B-2-R notes;
• $32,352,491.43 for the class C-R notes;
• $28,222,703.53 for the class D notes;
• $9,823,216.53 for the class E notes.
For the subordinated notes, the redemption price will be an amount equal to any remaining interest proceeds payable under the priority of interest payments on the redemption date and any remaining principal proceeds payable under the priority of principal payments on the redemption date.
U.S. Bank NA is the trustee.
Ares CLO Management XXXIII, LP is the asset manager.
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