Trinitas CLO IV receives notice of proposed supplemental indenture

By Wendy Van Sickle

Columbus, Ohio, Aug. 3 – Trinitas CLO IV, Ltd./Trinitas CLO IV, LLC was given notice by its trustee of a proposed supplemental that, if enacted, would effect a redemption by refinancing of its seven classes of notes due 2028, according to a notice

The issuer was informed by its asset manager in February that a majority of its subordinated noteholders were exploring a possible redemption of its rated notes, as previously reported.

The rated notes include

• $2 million class X floating-rate notes;

• $258 million class A floating-rate notes;

• $42 million class B floating-rate notes;

• $28 million class C deferrable floating-rate notes;

• $15 million class D-1 deferrable floating-rate notes;

• $5 million class D-2 deferrable floating-rate notes; and

• $20 million class E deferrable floating-rate notes.

The completion of a refinancing and execution of the proposed supplemental indenture remain subject to the satisfaction of some conditions, according to the notice.

U.S. Bank NA is the trustee.

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