Babson CLO 2013-II directed to redeem six classes of notes April 6

By Sarah Lizee

Olympia, Wash., March 13 – Babson CLO Ltd. 2013-II/Babson CLO 2013-II, LLC was directed by a majority of its subordinated noteholders to redeem its secured notes in whole from sale proceeds, according to a notice.

The following will be redeemed in full at par plus accrued interest on April 6:

• $415 million of class A-1-R notes for a total redemption price of $417,575,285.27;

• $97 million of class A-2-R notes for a total redemption price of $97,690,204.15;

• $48 million of class B-R notes for a total redemption price of $48,414,344.32;

• $38 million of class C notes for a total redemption price of $38,410,355.92;

• $29 million of class D notes for a total redemption price of $29,391,708.03; and

• $10 million of class E notes for a total redemption price of $10,151,321.73.

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

U.S. Bank NA is the trustee.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.