Sudbury Mill CLO asks to remove class A-2 holders from collateral manager selection

By Wendy Van Sickle

Columbus, Ohio, Oct. 28 – Sudbury Mill CLO Ltd. is seeking an amendment to its note indenture calling for all class A-2 loans and class A-2 notes to be deemed not to be outstanding for the purposes of participation in the selection, removal or replacement of the collateral manager, according to a notice from trustee U.S. Bank NA.

The class A-2 notes have a $0 balance and no conversion of class A-2 loans into class A-2 notes has occurred, and thereby only the consent of holders of the A-2 loans is required to effect the supplemental indenture, the notice states. However, 100% of the holders of the A-2 loans must deliver their consents for passage of the supplemental indenture.

Sudbury Mill CLO LLC is a co-issuer of the notes.

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