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Prospect News home > News index > List of issuers C > Headlines for Cadogan Square CLO VI BV > News item
Published on 6/2/2017 in the Prospect News CLO Daily and Prospect News Liability Management Daily.

Cadogan Square CLO VI says subordinated noteholder mulls redemption

By Angela McDaniels

Tacoma, Wash., June 2 – Cadogan Square CLO VI BV might redeem its secured notes at the direction of a subordinated noteholder, according to a notice to bondholders.

A class M-1 subordinated noteholder informed the issuer that it is exploring an optional redemption in whole or in part in conjunction with a potential refinancing.

The €413.53 million collateralized loan obligation matures July 15, 2029 and priced in May 2015.

As previously reported, the issuer priced

• €219.25 million of class A-1 floating-rate notes at Euribor plus 130 basis points;

• £11.8 million of class A-2 floating-rate notes at Libor plus 130 bps;

• €5 million of 1.74% class A-3 fixed-rate notes;

• €10.75 million of class B-1 floating-rate notes at Euribor plus 200 bps;

• £2.25 million of class B-2 floating-rate notes at Libor plus 200 bps;

• €32 million of 2.59% class B-3 fixed-rate notes;

• €24 million of class C-1 floating-rate notes at Euribor plus 280 bps;

• £1,266,000 of class C-2 floating-rate notes at Libor plus 280 bps;

• €23.25 million of class D-1 floating-rate notes at Euribor plus 320 bps;

• £1,224,000 of class D-2 floating-rate notes at Libor plus 320 bps;

• €25.75 million of class E-1 floating-rate notes at Euribor plus 450 bps;

• £1,356,000 of class E-2 floating-rate notes at Libor plus 450 bps;

• €9.6 million of class F-1 floating-rate notes at Euribor plus 550 bps;

• £506,000 of class F-2 floating-rate notes at Libor plus 550 bps;

• €43.25 million of class M-2 subordinated notes; and

• £2.28 million of class M-2 subordinated notes.

Credit Suisse Asset Management Ltd. manages the CLO.


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