St. Paul’s CLO V noteholders explore possible floater redemption

By Tali Rackner

Minneapolis, May 16 – St. Paul’s CLO V Ltd. received notice that certain of its subordinated noteholders are exploring a redemption of six classes of floating-rate notes due 2027, according to a notice.

The following are affected:

• €208.5 million of class A secured floating-rate notes;

• €42 million of class B secured floating-rate notes;

• €19.7 million of class C deferrable secured floating-rate notes;

• €17.5 million of class D deferrable secured floating-rate notes;

• €24.8 million of class E deferrable secured floating-rate notes;

• €10.5 million of class F deferrable secured floating-rate notes; and

• €38.4 million of subordinated notes.

Citibank, NA, London Branch is the trustee.

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