MP CLO V directed to redeem secured, subordinated notes on Dec. 19

By Tali Rackner

Minneapolis, Nov. 21 – MP CLO V, Ltd./MP CLO V, LLC received direction from a majority of its subordinated noteholders to redeem six classes of secured notes and the subordinated notes, according to a notice from trustee Deutsche Bank Trust Co. Americas.

The notes will be redeemed in full at par plus accrued interest on Dec. 19 for the following total redemption prices:

• $375,677,194.48 for the class A-R notes;

• $71,612,466.92 for the class B-R notes;

• $45,283,176.48 for the class C-R notes;

• $34,542,210.71 for the class D notes;

• $29,820,272.63 for the class E notes; and

• $13,162,406.54 for the class F notes.

For the subordinated notes, the redemption price will be the proportional share of the proceeds remaining after the full payment of the secured notes.

Greenwich, Conn.-based MP CLO Management LLC is the collateral manager.

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