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Versailles CLO M.E. I seeks approval to redeem nine classes of notes
By Tali Rackner
Norfolk, Va., Nov. 17 – Versailles CLO M.E. I plc is seeking holder approval to redeem the notes issued in its collateralized loan obligation transaction.
The notes include the following:
• €7.5 million class S senior floating-rate notes due 2023;
• €102.75 million class A-1-D senior delayed-draw floating-rate notes due 2023;
• €95.3 million class A-1-T senior secured floating-rate notes due 2023;
• €33 million class A-2 senior variable funding floating-rate notes due 2023;
• €22.5 million class B senior secured floating-rate notes due 2023;
• €18 million class C deferrable secured floating-rate notes due 2023;
• €12.2 million class D deferrable secured floating-rate notes due 2023;
• €14 million class E deferrable secured floating-rate notes due 2023; and
• €32.25 million subordinated notes due 2023.
BNP Paribas Asset Management SAS is the collateral manager.
Holders of the subordinated notes who want to exercise their redemption option must do so by 7 a.m. ET on Nov. 27.
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