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Investcorp Credit Management EU plans refinancing of Harvest CLO XX
Chicago, March 8 – Investcorp Credit Management EU Ltd. intends to redeem and refinance several series of notes from the Harvest CLO XX DAC broadly syndicated collateralized loan obligation deal on April 1, according to multiple notices.
To redeem the class A, class B-1, class B-2, class C and class D notes, the CLO will be issuing new class A-4 notes (//AAA), class B-1-R notes (//AA), class B-2-R notes (//AA), class C-R (//A) and class D-R (//BBB) notes.
According to Fitch Ratings, all of the notes will be issued at lower spreads.
Investcorp is a subsidiary of Bahrain-based Investcorp Bank BSC.
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