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Mountain View CLO 2017-1 to redeem three classes of notes March 16
By Sarah Lizee
Olympia, Wash., March 3 – Mountain View CLO 2017-1 Ltd./Mountain View CLO 2017-1 LLC received direction from holders of a majority of its subordinated notes to redeem three classes of notes on March 16, according to a notice.
The following notes will be redeemed at par plus accrued interest to the redemption date:
• $320 million of class A senior secured floating-rate notes due 2029 (Cusips: 62432HAA8, G6300UAA8) for a redemption price of $321,676,069.33;
• $60 million of class B senior secured floating-rate notes due 2029 (Cusips: 62432HAC4, G6300UAB6) for a redemption price of $60,369,263; and
• $30 million of class C mezzanine secured deferrable floating-rate notes due 2029 (Cusips: 62432HAE0, G6300UAC4) for a redemption price of $30,224,631.50.
Citibank, NA is the trustee.
Park Ridge, N.J.-based Seix CLO Management LLC is the collateral manager.
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