Trinitas CLO IV holders explore redemption of floating-rate notes

By Sarah Lizee

Olympia, Wash., Feb. 2 – Trinitas CLO IV, Ltd./Trinitas CLO IV, LLC was informed by its asset manager that a majority of its subordinated noteholders are exploring a possible redemption of seven classes of notes due 2028, according to a notice.

The following are affected:

• $2 million class X floating-rate notes;

• $258 million class A floating-rate notes;

• $42 million class B floating-rate notes;

• $28 million class C deferrable floating-rate notes;

• $15 million class D-1 deferrable floating-rate notes;

• $5 million class D-2 deferrable floating-rate notes; and

• $20 million class E deferrable floating-rate notes.

U.S. Bank NA is the trustee.

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