JMP Credit Advisors CLO III intends to refinance five classes of notes

By Tali Rackner

Norfolk, Va., Feb. 14 – JMP Credit Advisors CLO III Ltd./JMP Credit Advisors CLO III LLC plans to issue five classes of notes in a refinancing, according to a notice from trustee U.S. Bank NA.

JMP said it will issue new class A-R senior secured floating-rate notes, class B-R senior secured floating-rate notes, class C-R mezzanine secured deferrable floating-rate notes, class D-R mezzanine secured deferrable floating-rate notes and class E-R mezzanine secured deferrable floating-rate notes to replace the existing class A, B, C, D and E notes.

The refinancing will take place on March 16.

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