Apex Credit CLO 2016 will refinance three series of notes on Oct. 28

Chicago, Oct. 7 – A CLO portfolio manager has directed a partial redemption by refinancing three series of notes from the Apex Credit CLO 2016 Ltd./Apex Credit CLO 2016 LLC transaction, according to a notice.

On Oct. 28, the following classes of notes of notes will be redeemed in full plus interest:

• $232 million of the class A-S-R notes for a redemption price of $233,938,638.72;

• $10 million of the class B-F-R notes for a redemption price of $10,124,550.00; and

• $20 million of class E-R notes for a redemption price of $20,341,540.69.

As previously reported, the A-1-R notes, the A-S-R notes, the B-1-R notes, the B-F-R notes, the C-R notes, the D-R notes, the E-R notes and the senior-R subordinated notes were initially being contemplated for refinancing.

U.S. Bank NA is the trustee.

The New York City-based commercial finance firm Apex Credit Partners is co-owned by Jefferies Group LLC and Massachusetts Mutual Life Insurance Co.

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