| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for St. Pauls CLO III DAC > News item |
St. Pauls CLO III directed to redeem secured, subordinated notes
By Sarah Lizee
Olympia, Wash., Jan. 26 St. Paul's CLO III DAC received direction from a majority of its subordinated noteholders to redeem six classes of secured notes and some subordinated notes, according to a notice.
The following will be redeemed at par plus accrued interest on Feb. 12:
326.7 million class A secured floating-rate notes due 2028;
64.9 million class B secured floating-rate notes due 2028;
32.4 million class C secured deferrable floating-rate notes due 2028;
26.4 million class D secured deferrable floating-rate notes due 2028;
33 million class E secured deferrable floating-rate notes due 2028; and
15.4 million class F secured deferrable floating-rate notes due 2028.
The redemption price of any of the 57.7 million subordinated notes will be such notes pro rata share of the amounts available to be distributed to the subordinated noteholders in accordance with the acceleration priority of payments.
Citibank NA, London Branch is the trustee.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.