MidOcean Credit CLO VII to redeem five classes of notes on Feb. 20

By Sarah Lizee

Olympia, Wash., Feb. 7 – MidOcean Credit CLO VII/MidOcean Credit CLO VII LLC gave a second notice of partial redemption by refinancing for several classes of its secured notes in whole.

The redemption is now set for Feb. 20. The notes were previously set to be redeemed on Feb. 6, but the issuer withdrew the first notice of redemption.

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

• $379,191,172.50 for the class A-1 notes (Cusip: G61089AA9);

• $24,081,150 for the class A-2 notes (Cusip: G61089AB7);

• $51,190,293.75 for the class B notes (Cusip: G61089AC5);

• $36,164,925 for the class C notes (Cusip: G61089AD3); and

• $34,697,038.13 for the class D notes (Cusip: G61089AE1).

Additionally, the class E notes (Cusip: G61089AA1) are not included in the redemption as they previously were.

Wells Fargo Bank, NA is the trustee.

New York-based MidOcean Credit Fund Management LP is the portfolio manager.

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