Toro European CLO 3 says class A, B and C notes eyed for refinancing

By Wendy Van Sickle

Columbus, Ohio, Sept. 19 – Toro European CLO 3 DAC said it has been informed that its investment manager is exploring an optional redemption of some classes of its notes.

The notes would be redeemed using refinancing proceeds, according to a notice.

The following notes are being considered for redemption:

• €211.5 million of class A secured floating-rate notes due 2030;

• €24.5 million of class B-1 secured floating-rate notes due 2030;

• €7.5 million of class B-2 secured floating-rate notes due 2030;

• €12.5 million of class B-3 secured fixed-rate notes due 2030;

• €13.75 million of class C-1 secured deferrable floating-rate notes due 2030; and

• €4.75 million of class C-2 secured deferrable floating-rate notes due 2030.

U.S. Bank Trustees Ltd. is the trustee.

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