Newhaven CLO holders explore redemption of some or all rated notes

By Sarah Lizee

Olympia, Wash., Jan. 21 – Newhaven CLO, DAC said some of its subordinated noteholders are exploring their right to call an optional redemption of some or all of its rated notes.

Holders of the following were notified:

• €1.5 million of class X senior secured floating-rate notes due 2030 (ISIN: XS1560854215);

• €205.9 million of class A-1R senior secured floating-rate notes due 2030 (ISIN: XS1560854728);

• €10 million of class A-2R senior secured fixed-rate notes due 2030 (ISIN: XS1560855535);

• €35 million of class B-R senior secured floating-rate notes due 2030 (ISIN: XS1560856343);

• €23.5 million of class C-R senior secured deferrable floating-rate notes due 2030 (ISIN: XS1560857408);

• €18.6 million of class D-R senior secured deferrable floating-rate notes due 2030 (ISIN: XS1560858398);

• €20.4 million of class E-R senior secured deferrable floating-rate notes due 2030 (ISIN: XS1560859289);

• €10 million of class F-R senior secured deferrable floating-rate notes due 2030 (ISIN: XS1560859446); and

• €38 million of subordinated notes due 2030 (ISIN: XS1108801033).

U.S. Bank NA is the trustee.

Bain Capital Credit, Ltd. is the collateral manager.

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