Golub Capital Partners CLO 17 revises secured, subordinated redemption

By Tali Rackner

Minneapolis, Aug. 9 – Golub Capital Partners CLO 17, Ltd./Golub Capital Partners CLO 17, LLC received direction from a majority of its subordinated noteholders to push back the redemption of four classes of secured notes and some subordinated notes, according to a notice from trustee Citibank, NA.

The following will now be redeemed in whole at par plus accrued interest on Aug. 24, revised from Aug. 17:

• $305 million of class A-1 notes, for a total redemption price of $305,778,878.50;

• $55 million of class A-2 notes, for a total redemption price of $55,170,245.17;

• $52 million of class B notes, for a total redemption price of $52,222,925.73;

• $23 million of class C notes, for a total redemption price of $23,116,235.10; and

• $121.15 million of subordinated notes.

As previously reported, Golub Capital Partners CLO 17 proposes to issue new class A-1R, A-2-R-2, B-R, C-R, subordinated and combination notes as part of the refinancing.

GC Investment Management, an affiliate of New York-based middle-market lender Golub Capital, is the collateral manager.

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