ICE 3: Global Credit directed to redeem secured notes on Oct. 22

By Sarah Lizee

Olympia, Wash., Oct. 3 – ICE 3: Global Credit CLO Ltd./ICE 3: Global Credit CLO, Inc. received direction from holders of a majority of its income noteholders to redeem in whole its secured notes, according to a notice.

The following will be redeemed on Oct. 22 at par plus accrued interest:

• $69,985,299.76 of class A-1 notes;

• $44.5 million of class B-1 notes;

• $50 million of class B-2 notes;

• $44.5 million of class C-1 notes;

• $10 million of class C-2 notes;

• $33.75 million of class D notes; and

• $27.5 million of class E notes.

Citibank, NA is the trustee.

Los Angeles-based ICE Canyon LLC is the collateral manager.

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