TICP CLO II directed to redeem nine classes of notes on April 20

By Sarah Lizee

Olympia, Wash., April 10 – TICP CLO II, Ltd./TICP CLO II, LLC received direction from its collateral manager to redeem nine classes of notes, according to a notice.

The following will be redeemed on April 20:

• $255 million of class A-1A-R notes for a redemption price of $256,810,596.33;

• $65.3 million of class A-1B-R notes for a redemption price of $65,763,654.67;

• $43 million of class A-2A-R notes for a redemption price of $43,346,309.58;

• $18.1 million of class A-2B-R notes for a redemption price of $18,245,772.17;

• $25.4 million of class B-R notes for a redemption price of $25,644,922.04;

• $26.4 million of class C notes for a redemption price of $26,725,551.31;

• $28 million of class D notes for a redemption price of $28,444,526.13; and

• $4.8 million of class E notes for a redemption price of $4,882,071.15.

For the $47.5 million of subordinated notes, the redemption price will be the respective proportional share of the amount of the proceeds of the assets remaining after giving effect to the redemption of the secured notes and full payment of all expenses.

U.S. Bank NA is the trustee.

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