Mill Creek CLO inks supplemental indenture to notes after consent bid

By Susanna Moon

Chicago, June 24 – Mill Creek CLO, Ltd. and Mill Creek CLO, LLC said they have executed a supplemental indenture to their notes under a consent solicitation.

According to a company notice, a majority of each class of notes and the collateral manager have consented to the terms of the supplemental indenture, which will limit the types of assets that are permitted to be acquired in order to reduce the likelihood that the issuer will constitute a covered fund under Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The indenture changes the definition of collateral obligation, eligible investments, letter of credit and participation interest. It also adds the definition of Volcker Rule and Volcker Rule Condition and amends hedge agreement terms.

Questions may be directed to Maire Farrell at 410 884-6439, by email at maire.farrell@wellsfargo.com or by fax at 866 373-0261.

Wells Fargo Bank, NA is the trustee.

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