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BlueMountain CLO 2013-3 to redeem all classes of notes on Oct. 29
By Wendy Van Sickle
Columbus, Ohio, Sept. 28 – BlueMountain CLO 2013-3 Ltd./BlueMountain CLO 2013-3, LLC received direction from holders of a majority of its subordinated notes to redeem each class of its notes, according to a notice.
The following notes will be redeemed on Oct. 29 at the prices listed, which reflect the outstanding principal amount plus accrued interest:
• $105,972,896.96 for the class A-R notes;
• $23,469,737.09 for the class B-1-R notes;
• $15,212,275 for the class B-2-R notes;
• $37,649,131.76 for the class C-R notes;
• $20,518,165.17 for the class D-R notes;
• $18,315,719.04 for the class E notes; and
• $13,002,640.57 for the class F notes.
The subordinated notes will be redeemed at their proportional share of the proceeds of the assets remaining after giving effect to the redemption of the secured notes and payment of all expenses of the co-issuers.
U.S. Bank NA is the trustee.
BlueMountain CLO Management, LLC is the portfolio manager.
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