Avoca CLO XII’s rated notes being considered for optional redemption

By Wendy Van Sickle

Columbus, Ohio, Feb. 16 – Investment manager KKR Credit Advisors (Ireland) Unltd. Co. is considering some options that may result in the redemption of Avoca CLO XII DAC’s rated notes due 2027, according to a London Stock Exchange notice.

The notes include

• €240 million of class A senior secured floating-rate notes;

• €43 million of class B senior secured floating-rate notes;

• €27 million of class C deferrable mezzanine floating-rate notes;

• €19 million of class D deferrable mezzanine floating-rate notes;

• €26 million of class E deferrable junior floating-rate notes; and

• €13 million of class F deferrable mezzanine floating-rate notes.

Bank of New York Mellon, London Branch is the trustee of the notes, which were issued in September 2014.

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