Burnham Park CLO proposes indenture edit to effect class A redemption

By Wendy Van Sickle

Columbus, Ohio, Sept. 23 – Burnham Park CLO, Ltd./Burnham Park CLO, LLC is proposing a third supplemental indenture that would provide for the optional redemption in full of its class A notes.

Holders of the issuer’s class B-R, C-R, D-R, E-R and M notes may contact trustee Wells Fargo Bank, NA in writing on or before 5 p.m. ET on Oct. 11 if they wish to express that their notes would be materially and adversely affected by the proposed amendments.

As reported on Sept. 16, the issuers said a majority of its subordinated noteholders are considering an optional redemption of the class A notes.

The notes would be redeemed on or after Oct. 21, according to a past notice.

New York’s GSO/Blackstone Debt Funds Management LLC is the manager.

The issuer is based in George Town, Cayman Islands.

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