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Ares XXXIX CLO directed to redeem six classes of notes on April 18
By Sarah Lizee
Olympia, Wash., April 16 – Ares XXXIX CLO, Ltd./Ares XXXIX CLO LLC received direction from holders of a majority of its subordinated notes to redeem six classes of notes in whole through a refinancing, according to a notice.
The notes will be redeemed on April 18 at par plus accrued interest for the following redemption prices:
• $2,693,202.09 for the class X notes;
• $328,502,126.88 for the class A notes;
• $55,657,292.63 for the class B notes;
• $27,271,913.35 for the class C notes;
• $28,597,391.78 for the class D notes; and
• $25,626,894.38 for the class E notes.
U.S. Bank NA is the trustee.
Los Angeles-based Ares CLO Management II LLC is the asset manager.
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