Contego CLO III directed to redeem rated notes due 2029 on April 16

By Sarah Lizee

Olympia, Wash., March 16 – Contego CLO III BV said its subordinated noteholders exercised their right to require the issuer to redeem its rated notes in whole from refinancing proceeds, according to a notice.

The notes will be redeemed at par plus accrued interest on April 16.

The following are affected:

• €178.5 million class A senior secured floating-rate notes due 2029;

• €38.5 million class B senior secured floating-rate notes due 2029;

• €17.25 million class C senior secured deferrable floating-rate notes due 2029;

• €14.75 million class D senior secured deferrable floating-rate notes due 2029;

• €18.5 million class E senior secured deferrable floating-rate notes due 2029; and

• €40.3 million subordinated notes due 2029.

U.S. Bank Trustees Ltd. is the trustee and Five Arrows Managers LLP is the collateral manager.

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