Cork Street CLO directed to redeem $169.3 million of notes due 2028

By Tali Rackner

Minneapolis, Oct. 26 – Cork Street CLO DAC said its collateral manager exercised its right to require the redemption of three classes of rated notes due 2028, according to a notice.

The following will be redeemed in whole at par plus accrued interest on Nov. 27:

• €127.3 million of class A-1A senior secured floating-rate notes in the form of CM removal and replacement voting notes, CM removal and replacement non-voting notes and CM removal and replacement exchangeable non-voting notes;

• €15.65 million of class A-2A senior secured floating-rate notes in the form of CM removal and replacement voting notes, CM removal and replacement non-voting notes and CM removal and replacement exchangeable non-voting notes; and

• €26.35 million of class A-2B senior secured fixed-rate notes in the form of CM removal and replacement voting notes, CM removal and replacement non-voting notes and CM removal and replacement exchangeable non-voting notes.

The redemption will be funded using refinancing proceeds.

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

Guggenheim Partners Europe Ltd. is the collateral manager.

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