St. Paul’s CLO I to redeem secured and subordinated notes on July 16

By Sarah Lizee

Olympia, Wash., June 26 – St. Paul’s CLO I BV received direction from its subordinated noteholders to redeem its notes in whole on July 16.

The following notes will be redeemed at par plus accrued interest:

• €18.8 million of class B senior secured floating-rate notes due 2023 for a redemption price of €12,487,900.19;

• €17.28 million of class C senior secured deferrable floating-rate notes due 2023 for a redemption price of €17,317,477.44;

• €18.05 million of class D senior secured deferrable floating rate notes due 2023 for a redemption price of €18,180,400.22; and

• €6.35 million of class E senior secured deferrable floating rate notes due 2023 for a redemption price of €6,469,711.26.

The redemption price of any class M subordinated note is each note’s proportional share of the total proceeds of liquidation remaining following application in line with priorities of payments.

BNY Mellon Corporate Trustee Services Ltd. is the trustee.

London-based Intermediate Capital Managers is the investment manager.

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