FS Senior Funding to redeem secured, subordinated notes on Sept. 24

By Wendy Van Sickle

Columbus, Ohio, Aug. 31 – FS Senior Funding Ltd./FS Senior Funding CLO LLC will redeem all of its outstanding senior secured and subordinated notes issued in 2015 on Sept. 24, according to a notice from trustee Wells Fargo Bank, NA.

The issuer received direction from the holder of its subordinated notes to redeem the notes ahead of their May 28, 2025 scheduled maturity, as previously reported.

The redemption prices, including accrued interest, are as follow:

• $127,057,003.50 for the $126 million class A-T senior secured notes;

• $29,260,920.25 for the $29 million of class A-S senior secured notes;

• $40,555.56 for the $20 million of class A-R senior secured revolving notes, which price includes any increased costs and commitment fees on reduced commitments;

• $25,252,813.19 for the $25 million of class B senior secured notes; and

• $22,831,444.27 for the $22.6 million of class C senior secured notes

For the $86.4 million of subordinated notes, the redemption price will be their proportional share of the proceeds of the underlying assets after giving effect to the repayment of the secured debt and other amounts payable senior to the subordinated notes.

Oaktree Strategic Income is the collateral manager.

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