Dryden 42 Senior Loan Fund directed to redeem five classes of notes

By Sarah Lizee

Olympia, Wash., July 2 – Dryden 42 Senior Loan Fund/Dryden 42 Senior Loan Fund LLC received direction from a majority of its subordinated noteholders to redeem five classes of notes in whole from refinancing proceeds, according to a notice.

The notes will be redeemed on July 16 at par plus accrued interest for the following redemption prices:

• $250,449,687.44 for the class A notes;

• $56,636,673.01 for the class B notes;

• $24,333,526.53 for the class C notes;

• $20,346,188.77 for the class D notes; and

• $18,436,694.90 for the class E notes.

U.S. Bank NA is the trustee.

Newark, N.J.-based PGIM, Inc. is the collateral manager.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.