Seven Sticks CLO directed to redeem all secured notes on July 16

By Sarah Lizee

Olympia, Wash., July 9 – Seven Sticks CLO Ltd./Seven Sticks CLO LLC said a majority of its subordinated noteholders directed an optional redemption of all classes of secured notes from sale proceeds and/or refinancing proceeds on July 16, according to a notice.

The notes will be redeemed at par plus accrued interest to the redemption date for the following redemption prices:

• $258,619,305.17 for the class A-1 notes;

• $44,820,450.91 for the class A-2 notes;

• $20,891,484.16 for the class B notes;

• $27,744,944.34 for the class C notes; and

• $20,502,910.99 for the class D notes.

The subordinated notes will not be refinanced on the refinancing date.

U.S. Bank NA is the trustee.

New York-based Guggenheim Partners Investment Management, LLC is the collateral manager.

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