Crown Point CLO will redeem all notes on Nov. 20 via sales proceeds

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – Crown Point CLO, Ltd./Crown Point CLO, LLC received direction from a majority of its subordinated noteholders to redeem all of its notes using sale proceeds, according to a notice from the Bank of New York Mellon Trust Co., NA as trustee.

The following will be redeemed in full on Nov. 20 at the prices listed, which include par plus accrued interest:

• The class A-1L notes for a redemption price of $9,563,030.24;

• The class A-1Lb notes for a redemption price of $7,520,621.66;

• The class A-2L notes for a redemption price of $21,466,278.66;

• The class A-3L notes for a redemption price of $17,226,738.20;

• The class B-1L notes for a redemption price of $15,239,496.45; and

• The class B-2L notes for a redemption price of $11,472,278.59.

The subordinated notes will be redeemed at an amount equal to the remaining amount payable under the optional redemption section of the note indenture.

The combination notes will be redeemed to the extent that each underlying class is redeemed by allocation of the redemption price of each underlying class.

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