Contego CLO IV to redeem class A, B and C notes via refinancing

By Wendy Van Sickle

Columbus, Ohio, Oct. 11 – Contego CLO IV, DAC plans to fully redeem by refinancing four classes of its rated notes on or around Nov. 21, according to a notice filed with the London Stock Exchange.

The issuer previously announced it was considering redeeming some or all of its rated notes and updated on Friday that it has narrowed the classes of notes slated for redemption to the class A, B and C notes.

The following are to be redeemed at a price equal to the outstanding principal amount plus accrued interest:

• €211.8 million class A senior secured floating-rate notes due 2030;

• €31.6 million class B-1 senior secured floating-rate notes due 2030;

• €10 million class B-2 senior secured fixed-rate notes due 2030; and

• €21 million class C senior secured deferrable floating-rate notes due 2030.

U.S. Bank Trustees Ltd. is the trustee, and Five Arrows Managers LLP is the collateral manager.

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