MP CLO VIII directed to redeem six classes of notes, loans on May 11

By Sarah Lizee

Olympia, Wash., May 4 – MP CLO VIII, Ltd./MP CLO VIII, LLC received direction from majority of its subordinated noteholders to redeem six classes of notes and loans on May 11 using refinancing proceeds, according to a notice.

The following notes will be redeemed at par plus accrued interest:

• $225 million of class A notes for a total redemption price of $225,265,291.13;

• $100 million of class A loans for a total redemption price of $100,117,907.17;

• $40.5 million of class B notes for a total redemption price of $40,557,033.65;

• $42 million of class C notes for a redemption price of $42,069,412.68;

• $27.5 million of class D notes for a redemption price of $27,551,330.72; and

• $25 million of class E notes for a redemption price of $25,063,087.90.

The subordinated notes are not being redeemed on the redemption date.

U.S. Bank NA is the trustee and loan agent.

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

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