Battalion CLO VI to redeem $359 million of notes via refinancing

By Tali Rackner

Minneapolis, April 12 – Battalion CLO IV Ltd./Battalion CLO VI LLC plans to redeem $359 million from three classes of notes via a refinancing, according to a notice from trustee Citibank, NA.

The following will be redeemed at par plus accrued interest on April 24:

• $290.8 million of class A-1 senior secured floating-rate notes;

• $44 million of class A-2 senior secured floating-rate notes; and

• $24.2 million of class B senior secured deferrable floating-rate notes.

As part of the refinancing, Battalion CLO IV plans to issue $290.8 million of class A-1-R notes (Aaa (sf)/AAAsf/), $44 million of class A-2-R notes (at least Aa2 (sf)//) and $24.2 million of class B-R notes (at least A2 (sf)//).

New York-based Brigade Capital Management, LP is the collateral manager.

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