MidOcean Credit CLO IV trustee gives notice of supplemental indenture

By Sarah Lizee

Olympia, Wash., Aug. 29 – MidOcean Credit CLO IV/MidOcean Credit CLO IV LLC trustee Wells Fargo Bank, NA provided notice of a proposed second supplemental indenture to be completed by the issuer and trustee with the consent of the portfolio manager.

Holders of the class A-R, B-R, C-R, D-R, E-R and F notes, as well as the income notes, were notified.

Under the supplemental indenture, schedule 2 will be amended to modify the S&P industry classifications tables.

Schedule 5 will be amended to modify the S&P recovery rating tables, according to the notice.

No other changes will be made to the indenture.

The issuer said it is seeking consents from a majority of the controlling class under a separate notice.

The issuer and trustee will enter into the supplemental indenture no earlier than 20 business days after the notice was given, Aug. 28.

Wells Fargo Bank, NA is the trustee.

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

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