Sudbury Mill CLO withdraws intent to issue, refinance class D notes

By Tali Rackner

Norfolk, Va., March 30 – Sudbury Mill CLO Ltd./Sudbury Mill CLO LLC withdrew its intent to refinance its class D notes, according to a notice from trustee U.S. Bank NA.

As previously reported, Sudbury Mill announced plans to issue $352.5 million through six classes of notes via a refinancing, including $25 million of class D-R deferrable mezzanine floating-rate notes.

It will still issue $200 million of class A-1-R senior floating-rate notes, $50 million of class A-2-R senior floating-rate notes, $38 million of class B-1-R senior floating-rate notes, $15 million of class B-2-R senior fixed-rate notes and $24.5 million of class C-R deferrable mezzanine floating-rate notes.

Proceeds will be used to refinance the existing class A-1, A-2, B-1, B-2 and C notes.

The refinancing is expected to take place on April 17.

New York-based Shenkman Capital Management, Inc. is the collateral manager.

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