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Marine Park CLO to redeem secured, subordinated notes on Aug. 18
By Tali Rackner
Minneapolis, July 20 – Marine Park CLO Ltd./Marine Park CLO Corp. received direction from a majority of its subordinated noteholders to redeem six classes of secured notes and some subordinated, according to a notice from trustee Bank of New York Mellon Trust Co., NA.
The notes will be redeemed in full at par plus accrued interest on Aug. 18 for the following total redemption prices:
• $165,585,148.72 for the class A-1a-R notes;
• $4,827,521.02 for the class A-1b-R notes;
• $62,220,445.19 for the class A-2-R notes;
• $42,153,429.83 for the class B-R notes;
• $24,543,201.12 for the class C-R notes; and
• $26,694,840.99 for the class D-R notes.
For the subordinated notes, the redemption price will be its proportional share of the portion of the proceeds remaining after all of the secured notes have been repaid in full.
New York City-based GSO/Blackstone Debt Funds Management LLC is the collateral manager.
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