Partners Group to refinance five series of Pikes Peak CLO 3 notes

By Cady Vishniac

Detroit, Jan. 22 – Partners Group US Management CLO LLC will redeem through refinancing the class A notes, class B-1 notes, class B-2 notes, class C notes and class D notes from its Pikes Peak CLO 3, Ltd./Pikes Peak CLO 3 LLC offering effective Jan. 25, according to a market notice.

Proceeds for the financing will come from the sale of class A-R senior secured floating-rate notes, class B-1-R senior secured floating-rate notes, class B-2-R senior secured fixed-rate notes, class C-R mezzanine secured deferrable floating-rate notes and class D-R mezzanine secured deferrable floating-rate notes.

The CLO informed noteholders in December that it was in discussions regarding the redemption of all or any secured notes using proceeds from the sale of replacement notes.

The global private markets investment management firm has U.S. offices in Denver, New York and Houston.

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