Voya CLO 2016-3 postpones redemption of secured notes to Oct. 29

By Sarah Lizee

Olympia, Wash., Oct. 16 – Voya CLO 2016-3, Ltd./Voya CLO 2016-3 LLC revised the redemption date for its five classes of secured notes to Oct. 29, according to a notice.

As previously reported, the issuer had received direction from holders of a majority of its subordinated notes to redeem the notes from refinancing proceeds on Oct. 18.

As before, the following will be redeemed at par plus accrued interest:

• $372 million of class A-1 senior secured floating-rate notes due 2027;

• $84 million of class A-2 senior secured floating-rate notes due 2027;

• $36 million of class B mezzanine secured deferrable floating-rate notes due 2027;

• $36 million of class C mezzanine secured deferrable floating-rate notes due 2027; and

• $24 million of class D junior secured deferrable floating-rate notes due 2027.

The subordinated notes will not be redeemed.

State Street Bank and Trust Co. is the trustee.

New York-based Voya Alternative Asset Management LLC is the investment manager.

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