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Nash Point CLO will redeem €232.7 million senior, subordinated notes
By Tali Rackner
Norfolk, Va., June 11 – Nash Point CLO said holders of at least 66 2/3% of its classes A – E senior notes and class F subordinated notes directed it to redeem all €232,699,099.46 of the notes, according to a notice.
The following senior notes will be redeemed on July 27:
• €61,199,099.46 of class A notes, for a total redemption price of €61,316,979.13;
• €35 million of class B notes, for a total redemption price of €35,095,726.94;
• €35 million of class C notes, for a total redemption price of €35,131,115.83;
• €17.5 million of class D notes, for a total redemption price of €17,649,606.53; and
• €22.5 million of class E notes, for a total redemption price of €22,993,788.75.
The redemption date for the €61.5 million of class F subordinated notes will be the date the trustee notifies holders to surrender their notes. The redemption price will be the proportional share of the amount of the proceeds of the assets remaining after the redemption of the senior notes and the payment in full of all expenses in accordance with the priority of payments, the notice said.
U.S. Bank NA is the trustee.
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