Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Apex Credit CLO 2016 Ltd. > News item |
Apex Credit CLO 2016 calls off redemption of class E-R notes only
By Wendy Van Sickle
Columbus, Ohio, Oct. 25 – Apex Credit CLO 2016 Ltd./Apex Credit CLO 2016 LLC will not redeem its class E-R notes, according to a notice.
The issuer withdrew its previously announced redemption notice for the class E-R notes after receiving notice from its portfolio manager that “it is unable to complete the refinancing” of that class, according to a notice filed with the London Stock Exchange.
The redemptions of two other classes, as reported on Oct. 7, have not been canceled.
The following classes of notes are still set to be redeemed in full on Oct. 28:
• $232 million of the class A-S-R notes for a redemption price of $233,938,638.72; and
• $10 million of the class B-F-R notes for a redemption price of $10,124,550.
Previously, the issuer had said its A-1-R, A-S-R, B-1-R, B-F-R, C-R, D-R and E-R notes and the senior-R subordinated notes were initially being contemplated for refinancing.
U.S. Bank NA is the trustee.
New York City-based commercial finance firm Apex Credit Partners LLC is the manager. It is co-owned by Jefferies Group LLC and Massachusetts Mutual Life Insurance Co.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.