Munda CLO I directed to redeem seven classes of notes on July 25

By Sarah Lizee

Olympia, Wash., June 25 – Munda CLO I BV, formerly known as Neptuno CLO III BV, received direction from holders of at least 50% of its subordinated notes to redeem its secured notes in full on July 25, according to a notice.

The notes will be redeemed by way of liquidation of the portfolio.

The following will be included in the redemption:

• €243.95 million of class A-1 senior secured floating-rate notes due 2024;

• €200 million of class A-2 senior secured delayed-draw floating-rate notes due 2024;

• €61.75 million of class B senior secured floating-rate notes due 2024;

• €27.3 million of class C senior secured deferrable floating-rate notes due 2024;

• €27.95 million of class D senior secured deferrable floating-rate notes due 2024;

• €27.3 million of class E senior secured deferrable floating-rate notes due 2024; and

• €61.75 million of subordinated notes due 2024.

Deutsche Trustee Co. Ltd. is the trustee.

Cohen & Co. Financial Ltd. is the lead investment manager.

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