Benefit Street Partners CLO IV to refinance seven classes of notes

By Tali Rackner

Norfolk, Va., Nov. 23 – Benefit Street Partners CLO IV, Ltd./Benefit Street Partners CLO IV, LLC/Benefit Street Partners CLO IV Corp. plans to refinance seven classes of its notes following a request from a supermajority of the holders of its subordinated notes, according to a notice from trustee and paying agent U.S. Bank, NA.

Specifically, Benefit plans to redeem its class A-1A, A-1B, A-2A, A-2B, B, C and D notes on Dec. 22 by issuing new class A-1-R, A-2-R, B-R, C-R and D-R notes.

The subordinated notes will remain outstanding.

The deadline for preference shareholders to submit consents is 5 p.m. ET on Dec. 2.

Questions may be directed to U.S Bank (Attn: Jon C. Warn at 617 603-6459 or jon.warn@usbank.com).

Benefit Street Partners, LLC manages the portfolio.

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