Arch Street CLO directed to redeem six classes of notes in October

By Sarah Lizee

Olympia, Wash., Oct. 3 – Arch Street CLO, Ltd./Arch Street CLO, LLC received direction from holders of a majority of its subordinated notes to redeem its class A, B, C, D, E and F notes in whole.

The notes will be redeemed using sale proceeds and/or refinancing proceeds on the payment date in October, according to a notice.

U.S. Bank NA is the trustee.

Boston-based NewStar Capital LLC is the collateral manager.

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