Shackleton 2013-IV directed to redeem secured, subordinated notes

By Sarah Lizee

Olympia, Wash., April 3 – Shackleton 2013-IV CLO, Ltd./Shackleton 2013-IV CLO, LLC was directed by a majority of its subordinated noteholders to redeem its secured and subordinated notes in whole, according to a notice.

The notes will be redeemed on April 13 at par plus accrued interest for the following redemption prices:

• $266,920,443.47 for the class A-R notes;

• $39,505,185.33 for the class B-1-R notes;

• $10,086,900 for the class B-2-R notes;

• $35,726,931.04 for the class C-R notes;

• $21,807,020.69 for the class D notes;

• $18,419,416.58 for the class E notes; and

• $11,554,937.57 for the class F notes.

For the subordinated notes, the redemption price will be an amount equal to their proportional share of all excess principal proceeds payable to the subordinated notes according to priorities of payment.

U.S. Bank NA is the trustee.

New York-based Alcentra NY, LLC is the collateral manager.

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