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Shackleton 2017-X to redeem class A notes by refinancing on Nov. 14
By Wendy Van Sickle
Columbus, Ohio, Oct. 25 – Shackleton 2017-X CLO, Ltd./Shackleton 2017-X CLO, LLC expects the date for its proposed refinancing of its class A notes and issuance of new class A-R replacement securities to be Nov. 14, according to a notice from U.S. Bank NA as trustee.
Shackleton plans to issue $320 million of the new class A-R secured floating-rate notes.
The total redemption price for the existing $320 million of class A notes is expected to be $320,703,121.07. The issuer said it has received direction from holders of the requisite majority of its subordinated notes to effect the refinancing.
New York-based Alcentra NY, LLC is the collateral manager.
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