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Ares XXXVIII directed to redeem all secured note classes on Feb. 13
By Sarah Lizee
Olympia, Wash., Jan. 12 – Ares XXXVIII CLO Ltd./Ares XXXVIII CLO LLC received written direction from a majority of its subordinated noteholders, with consent from the collateral manager, to redeem all classes of its secured notes in whole on Feb. 13, according to a notice.
Holders of the class A, B-1, B-2, C, D and E notes, as well as the subordinated notes, were notified.
The notes will be redeemed via refinancing.
U.S. Bank NA is the trustee.
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