Ares XLI CLO manager, holders discuss redemption of secured notes

By Wendy Van Sickle

Columbus, Ohio, July 1 – Ares XLI CLO Ltd./Ares XLI CLO LLC said its asset manager and some holders or beneficial owners of its subordinated notes have entered into discussions relating to a potential redemption of each class of its secured notes.

The notes would be redeemed in whole from refinancing proceeds, according to a notice.

Holders of the class A, B, C, D and E notes, as well as the subordinated and income notes, were notified.

U.S. Bank NA is the trustee.

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