Carlyle Global Market Strategies Euro CLO 2016-1 to redeem notes

By Sarah Lizee

Olympia, Wash., April 5 – Carlyle Global Market Strategies Euro CLO 2016-1 DAC said its class S-2 subordinated noteholders exercised the option to redeem the rated notes and class S-1 subordinated notes in whole through a refinancing, according to a London Stock Exchange notice.

The following will be redeemed at par plus accrued interest on May 17:

• €246 million of class A-1 senior secured floating-rate notes due 2029 in the form of CM removal and replacement voting notes;

• €246 million of class A-1 senior secured floating-rate notes due 2029 in the form of CM removal and replacement non-voting notes;

• €246 million of class A-1 senior secured floating-rate notes due 2029 in the form of CM removal and replacement exchangeable non-voting notes;

• €43 million of class A-2 senior secured floating-rate notes due 2029 in the form of CM removal and replacement voting notes;

• €43 million of class A-2 senior secured floating-rate notes due 2029 in the form of CM removal and replacement non-voting notes;

• €43 million of class A-2 senior secured floating-rate notes due 2029 in the form of CM removal and replacement exchangeable non-voting notes;

• €24 million of class B senior secured deferrable floating-rate notes due 2029 in the form of CM removal and replacement voting notes;

• €24 million of class B senior secured deferrable floating-rate notes due 2029 in the form of CM removal and replacement non-voting notes;

• €24 million of class B senior secured deferrable floating-rate notes due 2029 in the form of CM removal and replacement exchangeable non-voting notes;

• €21 million of class C senior secured deferrable floating-rate notes due 2029 in the form of CM removal and replacement voting notes;

• €21 million of class C senior secured deferrable floating-rate notes due 2029 in the form of CM removal and replacement non-voting notes;

• €21 million of class C senior secured deferrable floating-rate notes due 2029 in the form of CM removal and replacement exchangeable non-voting notes;

• €24 million of class D senior secured deferrable floating-rate notes due 2029; and

• €30 million of class S-1 subordinated notes due 2029.

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