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Published on 3/13/2018 in the Prospect News CLO Daily and Prospect News Liability Management Daily.

Elm Park CLO might redeem some classes of rated notes due 2029

By Sarah Lizee

Olympia, Wash., March 13 – Elm Park CLO DAC was informed by a subordinated noteholder holding the required number of subordinated notes that it intends to effect a partial optional redemption of some classes of rated notes through a refinancing, according to a filing with the London Stock Exchange.

Holders of the following notes were notified:

• €324.5 million of class A-1 senior secured floating-rate notes due 2029;

• €60.5 million of class A-2 senior secured floating-rate notes due 2029;

• €42.5 million of class B senior secured deferrable floating-rate notes due 2029;

• €26.25 million of class C senior secured deferrable floating-rate notes due 2029;

• €33.5 million of class D senior secured deferrable floating-rate notes due 2029;

• €14 million of class E senior secured deferrable floating-rate notes due 2029; and

• €56.93 million of subordinated notes due 2029.


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