Ares XXV CLO directed to redeem rated, subordinated notes on May 23

By Tali Rackner

Minneapolis, May 9 – Ares XXV CLO Ltd./Ares XXV CLO LLC received direction from a majority if its subordinated noteholders redeem five classes of rated notes and some subordinated notes, according to a filing with the London Stock Exchange.

The notes will be redeemed in full at par plus accrued interest on May 23 for the following total redemption prices:

• $223,284,051.65 of class A-R notes;

• $68,949,955.25 of class B-R notes;

• $45,415,544.41 of class C-R notes;

• $29,146,694.76 of class D-R notes; and

• $24,951,921.39 of class E-R notes.

For the subordinated notes, the redemption amount will be equal to any remaining principal proceeds payable under the priority of principal payments.

U.S. Bank NA is the trustee.

Los Angeles-based Ares CLO Management XXV, LP is the asset manager.

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