North Westerly CLO II to redeem notes for €8.95 million

By Wendy Van Sickle

Columbus, Ohio, Sept. 7 – North Westerly CLO II BV will redeem its notes on the Sept. 14 interest payment date at the direction of its subordinated noteholders, according to a notice.

The following notes will be redeemed at the redemption prices listed, which include accrued interest:

• €1,683,883.58 of class C deferrable interest floating-rate notes at a redemption price of €1,702,495.58;

• €6,426,009.05 of class D-1 deferrable interest fixed-rate notes at a redemption price of €2,686,590.22;

• €10,720,401.04 of class D-2 deferrable interest floating-rate notes at a redemption price of €4,260,275.58; and

• €44.6 million of subordinated notes for €0.

The redemption amounts for the class D-1 and D-2 notes represents the funds available to the issuer on the redemption date as laid out in extraordinary resolutions approved by each class of the noteholders on May 5.

The redemption threshold amount is €8,950,358.57, including €245,705.67 payable on the redemption date under the note indentures priorities of payment condition, according to the notice.

NIBC Bank NV is the collateral manager. Deutsche Bank AG London is the collateral administrator.

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