Mercator CLO III calls six classes of notes for redemption on Oct. 16

By Marisa Wong

Morgantown, W.Va., Oct. 3 – Mercator CLO III DAC issued a notice of optional redemption for six series of notes.

The issuer said it received redemption notices on Sept. 18 from holders of its class C subordinated notes, in an amount necessary to call the notes.

The following notes will be redeemed on Oct. 16:

• €199.5 million class A-1 senior secured floating-rate notes due 2024;

• €31.5 million class A-2 senior secured floating-rate notes due 2024;

• €18 million class A-3 deferrable senior secured floating-rate notes due 2024;

• €18 million class B-1 deferrable senior secured floating-rate notes due 2024;

• €10.9 million class B-2 deferrable senior secured floating-rate notes due 2024; and

• €29.8 million class C subordinated notes due 2024.

State Street Bank and Trust Co. is the trustee.

Mercator CLO III is based in Dublin.

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