Apidos CLO XXII directed to redeem rated notes via refinancing

By Sarah Lizee

Olympia, Wash., Dec. 2 – Apidos CLO XXII/Apidos CLO XXII LLC has received direction from a majority of its subordinated noteholders to redeem all classes of its rated notes using refinancing proceeds, according to a notice.

The date on which the redemption is to occur will be set by the collateral manager and would be prior to April 20.

Holders of the class A-1, A-2A, A-2B, B, C, D and E notes, the subordinated notes and the combination notes were notified.

The redemption would redeem the combination securities to the extent that each underlying class would be redeemed.

A number of conditions must be satisfied in order for the redemption to proceed, according to the notice.

Bank of New York Mellon Trust Co., NA is the trustee.

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