Cairn CLO IV manager explores possible redemption of notes due 2028

By Tali Rackner

Minneapolis, March 13 – Cairn CLO IV BV said its investment manager is exploring options that may lead to an optional redemption of eight classes of rated notes and the subordinated notes due 2028, according to a notice.

The following are affected:

• €175 million of class A-1 senior secured floating-rate notes;

• €5 million of class A-2 senior secured fixed-rate notes;

• €20.25 million of class B-1 senior secured floating-rate notes;

• €15 million of class B-2 senior secured fixed-rate notes;

• €16.75 million of class C senior secured deferrable floating-rate notes;

• €15.75 million of class D senior secured deferrable floating-rate notes;

• €21 million of class E senior secured deferrable floating-rate notes;

• €8 million of class F senior secured deferrable floating-rate notes; and

• €32.6 million of subordinated notes.

U.S. Bank Trustees Ltd. is the trustee.

Cairn Loan Investments LLP is the investment manager.

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