KKR CLO 12 directed to redeem six classes of notes via refinancing

By Sarah Lizee

Olympia, Wash., Sept. 12 – KKR CLO 12 Ltd./KKR CLO 12 LLC received direction from holders of a majority of its subordinated notes to redeem its rated notes via refinancing, according to a notice.

The notes will be redeemed on Oct. 3 at par plus accrued interest for the following redemption prices:

• $257,903,971.63 for the class A-1-R notes;

• $25,213,365.28 for the class B-1-R notes;

• $20,148,243.33 for the class B-2-R notes;

• $20,192,636.67 for the class C-R notes;

• $28,340,352.45 for the class D-R notes; and

• $19,331,020.12 for the class E-R notes.

The subordinated notes will not be redeemed on the redemption date.

The issuer and trustee also plan to enter into an amended and restated indenture within the next 15 business days, KKR said.

Bank of New York Mellon Trust Co., NA is the trustee.

San Francisco-based KKR Financial Advisors II, LLC is the portfolio manager.

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