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ACIS CLO 2013-1 directed to redeem secured, combination notes Oct. 18
By Tali Rackner
Minneapolis, Oct. 4 – ACIS CLO 2013-1 Ltd./ACIS CLO 2013-1 LLC said holders of more than 66 2/3% of its subordinated notes directed an optional redemption of eight classes of secured notes and some combination notes, according to a notice from trustee U.S. Bank NA.
The notes will be redeemed at par plus accrued interest on Oct. 18 for the following total redemption prices:
• $148,101,446.29 for the class A-1 notes;
• $101,636,301.89 for the class A-2A notes;
• $10,327,368.17 for the class A-2B notes;
• $58,270,370.04 for the class B notes;
• $36,912,310.43 for the class C notes;
• $21,818,876.13 for the class D notes;
• $19,844,029.90 for the class E notes;
• $10,199,425.59 for the class F notes; and
• $28,986,096.89 for the combination notes.
The redemption will be funded using refinancing proceeds.
Dallas-based Acis Capital Management, LP is the portfolio manager.
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