Marathon CLO V directed to redeem all secured notes by refinancing

By Wendy Van Sickle

Columbus, Ohio, Nov. 9 – Marathon CLO V Ltd./Marathon CLO V LLC received direction from a majority of its subordinated noteholders and its collateral manager to redeem all classes of its secured notes with refinancing proceeds, according to a notice from trustee Bank of New York Mellon Trust Co., NA.

The following notes will be redeemed in full on Nov. 21 at the redemption prices listed, which reflect par plus accrued interest to the redemption date:

• $352,809,989.54 for the class A-1 notes;

• $50,720,825.58 for the class A-2a notes;

• $9,080,178.75 for the class A-2b notes;

• $51,601,669.50 for the class B-1 notes;

• $7,588,959.38 for the class B-2 notes;

• $31,643,826.83 for the class C notes; and

• $31,454,060.93 for the class D notes.

The record date is Nov. 6.

Marathon Asset Management, LP is the collateral manager.

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