Benefit Street Partners CLO I to redeem secured, subordinated notes

By Tali Rackner

Minneapolis, Sept. 20 – Benefit Street Partners CLO I, Ltd./Benefit Street Partners CLO I LLC said a majority of its subordinated noteholders directed it to redeem five classes of notes and the subordinated notes, according to a notice from trustee U.S. Bank NA.

The notes will be redeemed in whole at par plus accrued interest on Oct. 2 for the following total redemption prices:

• $288,296,584.28 for the class A-1R notes;

• $47,961,796.98 for the class A-2R notes;

• $40,225,340.48 for the class B-R notes;

• $23,407,658.19 for the class C-R notes; and

• $18,300,438.99 for the class D-R notes.

For the subordinated notes, the redemption price will be the proportional share of the portion of proceeds remaining after the full redemption of the secured notes.

New York City-based Benefit Street Partners LLC is the portfolio manager.

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