Fortress Credit Opportunities V CLO might be directed to refinance

By Angela McDaniels

Tacoma, Wash., Feb. 27 – Fortress Credit Opportunities V CLO LP and Fortress Credit Opportunities V CLO LLC might refinance some of their notes, according to a notice from trustee U.S. Bank NA.

The company received a notice from the holders of a majority of the subordinated notes that they are considering a refinancing of one or more classes or subclasses of the notes by way of a partial redemption.

The notice was sent to the holders of the issuers’ class A-1R notes, class A-1T notes, class A-1F notes, class A-2 notes, class B notes, class C notes, class D notes, class E notes, class F notes and subordinated notes.

FCO V CLO CM LLC manages the CLO and has a services agreement with Drawbridge Special Opportunities Advisors LLC, a subsidiary of New York-based Fortress Investment Group LLC.

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