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Golub Capital Partners CLO 17 to refinance secured, subordinated notes
By Tali Rackner
Minneapolis, Aug. 4 – Golub Capital Partners CLO 17, Ltd./Golub Capital Partners CLO 17, LLC was directed by a majority of its subordinated noteholders to redeem four classes of secured notes and some subordinated notes via a refinancing, according to a notice from trustee Citibank, NA.
The following will be redeemed in whole at par plus accrued interest on Aug. 17:
• $305 million of class A-1 notes, for a total redemption price of $305,597,140.18;
• $55 million of class A-2 notes, for a total redemption price of $55,130,521.29;
• $52 million of class B notes, for a total redemption price of $52,170,909.73;
• $23 million of class C notes, for a total redemption price of $23,089,113.58; and
• $121.15 million of subordinated notes.
Golub Capital Partners CLO 17 proposes to issue new class A-1R, A-2-R-2, B-R, C-R, subordinated and combination notes as part of the refinancing.
GC Investment Management, an affiliate of New York-based middle-market lender Golub Capital, is the collateral manager.
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