MidOcean Credit CLO I trustee gives notice of supplemental indenture

By Sarah Lizee

Olympia, Wash., Aug. 29 – MidOcean Credit CLO I/MidOcean Credit CLO I LLC trustee Wells Fargo Bank, NA provided notice of a proposed fifth supplemental indenture to be completed by the issuer and trustee with the consent of the portfolio manager.

Holders of the class A-1-RR, A-2-RR, B-RR, C-RR and D-RR notes, as well as the subordinated notes, were notified.

Under the supplemental indenture, schedule 6 will be amended to modify the S&P recovery rating tables, according to the notice.

No other changes will be made to the indenture.

The issuer has requested consent from a majority of the controlling class to the supplemental indenture under a separate notice.

The issuer and trustee will enter into the supplemental indenture no earlier than 20 business days after the notice was given, Aug. 28.

New York-based MidOcean Credit Fund Management LP is the portfolio manager.

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