TICP CLO I plans to issue $401.5 million of notes through refinancing

By Tali Rackner

Norfolk, Va., March 29 – TICP CLO I, Ltd./TICP CLO I, LLC intends to issue $401.5 million in six classes of notes via a refinancing, according to a notice from trustee U.S. Bank NA.

The following will be issued on April 26:

• $283.5 million of class A-1-R senior secured floating-rate notes (Aaa (sf)/AAA (sf)/);

• $10 million of class A-2a-R senior secured floating-rate notes (/AA (sf)/);

• $40.75 million of class A-2b-R senior secured floating-rate notes (/AA (sf)/);

• $15 million of class A-2c-R senior secured fixed/floating-rate notes (/AA (sf)/);

• $27.25 million of class B-R senior secured deferrable floating-rate notes (/A (sf)/); and

• $25 million of class C-R senior secured deferrable floating-rate notes (/BBB (sf)/).

Proceeds will be used to redeem the existing A-1, A-2a, A-2b, A-2c, B and C notes.

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