Birchwood Park CLO directed to redeem all secured notes on Sept. 20

By Sarah Lizee

Olympia, Wash., Sept. 13 – Birchwood Park CLO, Ltd./Birchwood Park CLO, LLC received direction from a majority of its subordinated noteholders to redeem all classes of its secured notes in whole using sale proceeds, according to a notice.

The notes will be redeemed on Sept. 20 at par plus accrued interest for the following redemption prices:

• $377,419,443.13 for the class A-R notes;

• $54,989,307.92 for the class B-1-R notes;

• $21,131,343.33 for the class B-2-R notes;

• $22,588,462.74 for the class C-1-R notes;

• $10,084,135.15 for the class C-2-R notes;

• $26,275,951.39 for the class D-1 notes;

• $10,105,218.48 for the class D-2-R notes;

• $36,389,622.69 for the class E-1 notes; and

• $2,540,054.62 for the class E-2 notes.

The subordinated notes and income notes are not being called for redemption, the issuer said.

State Street Bank and Trust Co. is the trustee.

New York-based GSO/Blackstone Debt Funds Management LLC is the collateral manager.

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