Vibrant CLO calls numerous notes, sets supplemental indenture date

By Susanna Moon

Chicago, Oct. 8 – Vibrant CLO III, Ltd./Vibrant CLO III, LLC issued a call for its class A-1-R, A-1-RL, A-2-R, B-R, C and D notes.

The notes will be redeemed on Oct. 22 at par plus accrued interest, according to a notice.

The record date is Oct. 21 for the global secured notes and Oct. 7 for the class A-1-R loans and certificated secured notes.

The issuer said on Sept. 11 that it is proposing a second supplemental indenture in connection with the refinancing.

Vibrant said it will execute the supplemental indenture on Oct. 22 if the refinancing goes through.

Holders of the class A-1-R, A-1-RL, A-2-R, B-R, C and D notes and the subordinated notes were notified.

The subordinated notes will not be redeemed.

Citibank, NA is the trustee and paying agent.

New York-based DFG Investment Advisers, Inc. is the portfolio manager.

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