Carlyle US CLO 2016-4 directed to redeem all rated notes on Oct. 22

By Sarah Lizee

Olympia, Wash., Oct. 16 – Carlyle US CLO 2016-4, Ltd./Carlyle US CLO 2016-4, LLC received direction from holders of a majority of its subordinated notes to redeem all of its outstanding rated notes via refinancing, according to a notice.

The following will be redeemed on Oct. 22 at par plus accrued interest to the redemption date:

• $302.5 million of class A-1 notes for a redemption price of $305,483,700.35;

• $72.5 million of class A-2 notes for a redemption price of $73,285,144.79;

• $25 million of class B-1 notes for a redemption price of $25,316,434.03;

• $13 million of class B-2 notes for a redemption price of $13,136,988.51;

• $27 million of class C notes for a redemption price of $27,440,448.75; and

• $20 million of class D notes for a redemption price of $20,482,925.

The subordinated notes will not be redeemed.

State Street Bank and Trust Co. is the trustee.

New York-based Carlyle CLO Management LLC is the collateral manager.

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