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Prospect News home > News index > List of issuers K > Headlines for KVK CLO 2013-1 Ltd./KVK CLO 2013-1 LLC > News item |
KVK CLO 2013-1 directed to redeem rated, subordinated notes on Oct. 6
By Tali Rackner
Minneapolis, Sept. 18 – KVK CLO 2013-1 Ltd./KVK CLO 2013-1 LLC said a majority of its subordinated noteholders directed it to redeem five classes of notes and the subordinated notes, according to a filing with the London Stock Exchange.
The notes will be redeemed at par plus accrued interest on Oct. 6 for the following total redemption prices:
• $1,878,379.83 for the class A notes;
• $520,496.63 for the class B notes;
• $425,296.06 for the class C notes;
• $388,186.66 for the class D notes; and
• $432,217.11 for the class E notes.
For the subordinated notes, the redemption amount will be their proportional share of the remaining proceeds after the full redemption of the rated notes.
Wells Fargo Bank, NA is the trustee.
Chicago-based Kramer Van Kirk Credit Strategies LP is the collateral manager.
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