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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item
Published on 9/24/2014 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Blackstone/GSO Senior Floating Rate to prepay notes, redeem preferreds

By Tali Rackner

Norfolk, Va., Sept. 24 – Blackstone/GSO Senior Floating Rate Term Fund plans to prepay all $96 million of its series A floating-rate senior secured notes and redeem all 48,000 of its outstanding series A floating-rate cumulative term preferred shares, according a filing with the Securities and Exchange Commission.

The notes and preferreds will be redeemed on Oct. 8.

Blackstone Group is an investment and advisory firm, and GSO is a credit-oriented alternative asset manager. Both are based in New York.


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