Dryden 36 Senior Loan Fund intends to refinance notes due 2028

By Sarah Lizee

Olympia, Wash., March 26 – Dryden 36 Senior Loan Fund/Dryden 36 Senior Loan Fund LLC is proposing to enter into a supplemental indenture to its notes in connection with a refinancing, according to a notice.

The issuer plans to make changes to the indenture in order to issue new class X-R2, A-R2, B-R2, C-R2, D-R2 and E-R2 notes and redeem the following classes:

• $3.2 million of class X notes due 2028;

• $434 million of class A-R notes due 2028;

• $85.4 million of class B-R notes due 2028;

• $60.2 million of class C-R notes due 2028;

• $36.4 million of class D-R notes due 2028; and

• $28.7 million of class E-R notes due 2028.

The refinancing date is expected for April 15.

The notes will be redeemed at par plus accrued interest up to but excluding the redemption date.

Deutsche Bank Trust Co. Americas is the trustee.

© 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.