Ivy Hill Middle Market Credit Fund IX might refinance rated notes

By Tali Rackner

Minneapolis, Oct. 24 – Ivy Hill Middle Market Credit Fund IX, Ltd./Ivy Hill Middle Market Credit Fund IX, LLC said a majority of its subordinated noteholders are exploring the possible redemption of rated notes via a refinancing, according to a filing with the London Stock Exchange.

The following are affected:

• $182 million of class A senior floating-rate notes due 2025;

• $32 million of class B-1 senior floating-rate notes due 2025;

• $10 million of class B-2 senior fixed-rate notes due 2025;

• $24 million of class C deferrable mezzanine floating-rate notes due 2025;

• $22 million of class D deferrable mezzanine floating-rate notes due 2025; and

• $25 million of class E deferrable mezzanine floating-rate notes due 2025.

U.S. Bank NA is the trustee.

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