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Prospect News home > News index > List of issuers A > Headlines for Aimco CLO, Series 2005-A Corp. > News item |
Aimco CLO, Series 2005-A plans redemption of several series of notes
By Jennifer Chiou
New York, Oct. 2 – Aimco CLO, Series 2005-A and Aimco CLO, Series 2005-A Corp. gave notice of the optional redemption of the following series of notes:
• Class A-1A senior notes with Cusip numbers 00889LAA7, G0128YAA3 and 00889LAB5;
• Class A-1B senior notes with Cusip numbers 00889LAC3, G0128YAB1 and 00889LAD1;
• Class A-2 senior notes with Cusip numbers 00889LAE9, G0128YAC9 and 00889LAF6;
• Class B mezzanine notes with Cusip numbers 00889LAG4, G0128YAD7 and 00889LAH2;
• Class C mezzanine notes with Cusip numbers 00889LAJ8, G0128YAE5 and 00889LAK5;
• Class D mezzanine notes with Cusip numbers 00889MAA5, G0129AAA4 and 00889MAB3; and
• Subordinated notes with Cusip numbers 00889MAC1, G0129AAB2 and 00889MAD9.
The redemption date is Oct. 20.
The company gave notice in early September that holders of at least 70% of the subordinated notes requested the redemption of the notes in whole.
The redemption price is $7,275,513.02 for the $7,266,079.71 of outstanding class A-1A notes, $66,638,651.98 for the $66,557,290.13 of outstanding class A-1B notes, $18,029,738.80 for the $18 million of outstanding class A-2 notes, $17,040,978.31 for the $17 million of outstanding class B notes, $17,587,746.75 for the $17.5 million of outstanding class C notes and $4,120,288.39 for the $4,071,570.06 of outstanding class D notes.
For the $31 million of subordinated notes, the redemption price is a pro rata shares of the amount, if any, equal to 100% of the remaining proceeds of the collateral payable to the holders of the subordinated notes after giving effect to the payment of the redemption prices of the other notes.
Bank of New York Mellon Trust Co., NA is the trustee. Questions may be directed to Stephen Matthews at 212 827-1347 or stephen.j.matthews@bnymellon.com.
The issuer is a collateralized loan obligation backed primarily by a portfolio of senior secured loans.
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