Dryden 39 Euro CLO 2015 subordinated holders exercise redemption right

By Tali Rackner

Minneapolis, Aug. 25 – Dryden 39 Euro CLO 2015 BV said its subordinated noteholders exercised their redemption right on nine classes of rated notes due 2029 and some subordinated notes, according to a notice.

The following will be redeemed in whole on Oct. 16 using refinancing proceeds:

• €221 million of class A-1 senior secured floating-rate notes;

• €16,895,000 of class A-2 senior secured fixed-rate notes;

• €36.4 million of class B-1 senior secured floating-rate notes;

• €12.32 million of class B-2 senior secured fixed-rate notes;

• €25.65 million of class C-1 mezzanine secured deferrable floating-rate notes;

• €1.35 million of class C-2 mezzanine secured deferrable floating-rate notes;

• €22 million of class D mezzanine secured deferrable floating-rate notes;

• €24 million of class E mezzanine secured deferrable floating-rate notes;

• €13 million of class F mezzanine secured deferrable floating-rate notes; and

• €42.5 million of subordinated notes.

U.S. Bank Trustees Ltd. is the trustee.

PGIM Ltd. is the collateral manager.

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