Fortress Credit Opportunities V sets prices to redeem secured notes

By Wendy Van Sickle

Columbus, Ohio, April 13 – Fortress Credit Opportunities V CLO Ltd./Fortress Credit Opportunities V CLO LLC announced the redemption prices for all classes of its secured notes in an update on Thursday.

As previously reported, the issuer will redeem all of the secured notes as well as the subordinated notes on April 17 after receiving direction from a majority of its subordinated noteholders to effect an optional redemption.

The following secured notes will be redeemed at par plus accrued interest amounting to the redemption prices listed:

• $16,100 for the class A-1R notes;

• $104,569,975.09 for the class A-1T-R notes;

• $110,072,722.22 for the class A-1F-R notes;

• $21,015,312.50 for the class A-2-R notes;

• $78,562,486.55 for the class B-R notes;

• $57,054,239.06 for the class C-R notes;

• $50,058,272.57 for the class D-R notes;

• $21,025,699.48 for the class E-R notes; and

• $21,535,508.59 for the class F notes.

The subordinated notes will be redeemed at a price that is to be determined and will equal each note’s proportional share of the amount of proceeds of assets remaining after giving effect to the redemption and payment in full of all other amounts senior to the subordinated notes.

U.S. Bank NA is the trustee.

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