Fortress Credit Opportunities III directed to redeem secured notes

By Tali Rackner

Minneapolis, Nov. 2 – Fortress Credit Opportunities III CLO LP said its general partner and holders of a majority of its limited partnership interest directed the redemption of eight classes of secured notes and the partnership interests, according to a notice from trustee U.S. Bank NA.

The notes will be redeemed at par plus accrued interest on Nov. 16 for the following total redemption prices:

• $79,799,380.70 for the class A-1R notes;

• $228,703,065.61 for the class A-1T-R notes;

• $40,123,344.84 for the class A-2T-R notes;

• $20,074,005.76 for the class B-1-R notes;

• $68,272,000 for the class B-2-R notes;

• $64,292,729.53 for the class C-R notes;

• $56,313,693.89 for the class D-R notes; and

• $48,374,947.15 for the class E notes.

The total redemption price for the partnership interests has yet to be determined.

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