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Carlyle Global Market Strategies Euro to redeem three series of notes
By Angela McDaniels
Tacoma, Wash., Sept. 30 – Carlyle Global Market Strategies Euro CLO 2013-1 BV said its subordinated noteholders have exercised their right to require the issuer to redeem three classes of notes via a refinancing.
As a result, the issuer will redeem its €236 million class A-1-R floating-rate notes, €56 million of class A-2-R floating-rate notes and €24 million of class B-R floating-rate notes in full on Oct. 30 at 100% of the principal amount outstanding plus accrued interest (including, if applicable, deferred interest).
The CLO also includes the following notes, which are not subject to the redemption:
• €23 million of class C-R floating-rate notes;
• €20 million of class D-R floating-rate notes;
• €10 million of class E-R floating-rate notes;
• €24.5 million class S-1 subordinated notes;
• €17.5 million class S-2 subordinated notes; and
• €4.2 million class S-3 subordinated notes.
London-based CELF Advisors LLP is the collateral manager. It is part of Washington, D.C.-based Carlyle Group LP.
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