Crown Point CLO II to refinance four classes of notes on Oct. 16

By Tali Rackner

Minneapolis, Oct. 4 – Crown Point CLO II, Ltd./Crown Point CLO II, LLC received direction from a majority of its subordinated noteholders to redeem four classes of notes via a refinancing, according to a notice from the Bank of New York Mellon Trust Co., NA as trustee.

The following will be redeemed in full at par plus accrued interest on Oct. 16:

• $89,044,397.31 of class A-1L notes, for a total redemption price of $89,573,087.68;

• $20.8 million of class A-2L notes, for a total redemption price of $20,975,636.16;

• $19.8 million of class A-3L notes, for a total redemption price of $20,015,273.11; and

• $18.2 million of class B-1L notes, for a total redemption price of $18,430,667.64.

Stamford Conn.-based Valcour Capital Management LLC is the portfolio manager.

© 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.