Harvest CLO XV subordinated holders approve refinancing, amendments

By Sarah Lizee

Olympia, Wash., May 22 – Harvest CLO XV DAC said its subordinated noteholders, acting by extraordinary resolution, gave their consent to the terms of the proposed refinancing, extension and amendments relating to its rated notes.

The trustee received one or more signed resolutions together from holders of a total of at least 66 2/3% of the total principal amount outstanding of subordinated notes.

As previously reported, the following were scheduled to be redeemed at par plus accrued interest on May 22:

• €232 million of class A senior secured floating-rate notes due 2029;

• €54 million of class B senior secured floating-rate notes due 2029;

• €26 million of class C senior secured deferrable floating-rate notes due 2029;

• €21 million of class D senior secured deferrable floating-rate notes due 2029;

• €25 million of class E senior secured deferrable floating-rate notes due 2029;

• €13 million of class F senior secured deferrable floating-rate notes due 2029; and

• €42 million of subordinated notes due 2029.

U.S. Bank Trustees Ltd. is the trustee.

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