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Jubilee CLO 2016-XVII to redeem six classes of notes in full Oct. 15
By Sarah Lizee
Olympia, Wash., Sept. 13 – Jubilee CLO 2016-XVII BV will redeem six classes of notes in full on Oct. 15 from refinancing proceeds, according to a notice.
The following will be redeemed at par plus accrued interest:
• €244 million of class A senior secured floating-rate notes due 2029;
• €43.5 million of class B senior secured floating-rate notes due 2029;
• €25.8 million of class C deferrable mezzanine floating-rate notes due 2029;
• €17.2 million of class D deferrable mezzanine floating-rate notes due 2029;
• €28.3 million of class E deferrable junior floating-rate notes due 2029; and
• €10.7 million of class F deferrable junior floating-rate notes due 2029.
In a separate notice, the issuer said that on or prior to Sept. 12, holders of at least 66 2/3% of the subordinated notes had approved the terms of the redemption.
Delaware Trust Co. is the trustee.
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