Greywolf CLO III directed to redeem seven classes of notes March 10

By Sarah Lizee

Olympia, Wash., Feb. 26 – Greywolf CLO III, Ltd./Greywolf CLO III, LLC’s received direction from holders of a majority of its subordinated notes and the collateral manager to redeem seven classes of secured notes on March 10, according to a notice.

The following notes will be redeemed at par plus accrued interest:

• $2,657,142.84 class X notes (Cusip: 39809CAA2);

• $320 million class A-1 notes (Cusip: 39809CAC8);

• $53.7 million class A-2 notes (Cusip: 39809CAE4);

• $36.3 million class B notes (Cusip: 39809CAG9);

• $27.5 million class C notes (Cusip: 39809CAJ3);

• $21.9 million class D notes (Cusip: 39809WAA8); and

• $9.2 million class E notes (Cusip: 39809WAC4).

Citibank, NA is the trustee.

Purchase, N.Y.-based Greywolf Loan Management LP is the collateral manager.

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