Cadogan Square CLO III to redeem seven classes of notes due 2023

By Sarah Lizee

Olympia, Wash., Nov. 28 – Cadogan Square CLO III BV said holders of 35% of the outstanding amount of its class M subordinated notes requested a redemption in January of seven classes of notes due 2023, according to a notice.

The following are affected:

• €342.65 million of class A senior secured floating-rate notes;

• €36.1 million of class B senior secured floating-rate notes;

• €27.5 million of class C senior secured deferrable floating-rate notes;

• €30 million of class D senior secured deferrable floating-rate notes;

• €18.75 million of class E senior secured deferrable floating-rate notes;

• €45 million of class M subordinated notes; and

• €7 million of class X combination notes.

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