Shackleton I plans to refinance class A-1, B-1, B-2, C, D income notes

By Tali Rackner

Norfolk, Va., Oct. 21 – Shackleton I CLO, Ltd./Shackleton I CLO Corp. proposed a supplemental indenture to the Sept. 12, 2012 indenture governing its notes to permit a refinancing of its income notes.

The supplemental indenture would provide for a refinancing of the class A-1, B-1, B-2, C and D notes, according to a notice from trustee U.S. Bank NA.

The new notes would include class A-1-R senior secured floating-rate notes, $17 million of class B-1-R senior secured floating-rate notes, $25 million of class B-2-R senior secured fixed-rate notes, $24 million of class C-R secured deferrable floating-rate notes and $21 million of class D-R secured deferrable floating-rate notes.

Shackleton would issue the refinanced notes on Nov. 14. They would mature in August 2023.

The class E notes would remain outstanding.

Alcentra NY, LLC is the CLO manager.

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