Cork Street CLO redeems $169.3 million of notes due 2028 on Nov. 27

By Sarah Lizee

Olympia, Wash., Nov. 27 – Cork Street CLO DAC said it redeemed three classes of rated notes due 2028, according to a notice.

The following were redeemed in whole at par plus accrued interest on Monday:

• €127.3 million of class A-1A senior secured floating-rate notes;

• €15.65 million of class A-2A senior secured floating-rate notes; and

• €26.35 million of class A-2B senior secured fixed-rate notes.

In addition, the trustee granted a waiver of the 14-day notice period for notice the issuer must give the trustee of any proposed redemption of notes prior to the latest date for publication of any notice of redemption.

U.S. Bank Trustees Ltd. is the trustee.

Guggenheim Partners Europe Ltd. is the collateral manager.

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