MidOcean Credit CLO III directed to redeem six note classes June 29

By Sarah Lizee

Olympia, Wash., June 19 – MidOcean Credit CLO III/MidOcean Credit CLO III LLC received direction from a majority of holders of its income notes to redeem six classes of notes in whole from refinancing proceeds, according to a notice.

The notes will be redeemed on June 29 at par plus accrued interest for the following redemption prices:

• $314,722,608.68 for the class A notes;

• $63,007,334.24 for the class B notes;

• $36,604,972.61 for the class C notes;

• $27,812,793.04 for the class D notes;

• $24,086,441.52 for the class E notes; and

• $11,425,070.16 for the class F notes.

The income notes and reinvesting holder notes will not be redeemed on the redemption date.

Wells Fargo Bank, NA is the trustee.

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

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