Penta CLO I directed to redeem senior, subordinated notes on June 4

By Sarah Lizee

Olympia, Wash., May 17 – Penta CLO I SA received direction from holders of its class F subordinated notes to redeem four classes of senior notes and the class F subordinated notes in whole, according to a notice.

The following will be redeemed at par plus accrued interest on June 4:

• €31,830,573.58 of class B senior deferrable floating-rate notes for a redemption price of €31,859,217.56;

• €21 million of class C senior deferrable floating-rate notes for a redemption price of €21,034,822.67;

• €15 million of class D senior deferrable floating-rate notes for a redemption price of €15,081,748.33; and

• €13 million of class E senior deferrable floating-rate notes for a redemption price of €13,212,151.33.

For the class F subordinated notes, the redemption price for each note will be its pro rata share of the total proceeds of liquidation of the collateral remaining following application in line with the priorities of payment.

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