St. Paul’s CLO II to redeem €338 million of notes via refinancing

By Tali Rackner

Norfolk, Va., Feb. 1 – St. Paul’s CLO II DAC plans to redeem €338 million from five classes of its notes via a refinancing, according to a filing with the London Stock Exchange.

The following will be redeemed in full at par plus accrued interest on Feb. 15:

• €240 million of class A secured floating-rate notes due 2026;

• €40 million of class B secured floating-rate notes due 2026;

• €26 million of class C secured deferrable floating-rate notes due 2026;

• €17 million of class D secured deferrable floating-rate notes due 2026; and

• €15 million of class E secured deferrable floating-rate notes due 2026.

Citibank NA, London Branch is the trustee.

Virtus Group LP is the collateral administrator.

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