Grosvenor Place CLO 2015-1 directed to redeem rated notes April 30

By Sarah Lizee

Olympia, Wash., March 28 – Grosvenor Place CLO 2015-1, BV said its class M noteholders and subordinated noteholders exercised their right to require the issuer to redeem its rated notes due 2029 in full, according to a notice.

The following will be redeemed on April 30 at par plus accrued interest to the redemption date:

• €202.75 million of class A-1A senior secured floating-rate notes;

• €5 million of class A-1B senior secured fixed-rate notes;

• €31.75 million of class A-2A senior secured floating-rate notes;

• €12 million of class A-2B senior secured fixed-rate notes;

• €20 million of class B senior secured deferrable floating-rate notes;

• €17.25 million of class C senior secured deferrable floating-rate notes;

• €24.75 million of class D senior secured deferrable floating-rate notes;

• €11 million of class E senior secured deferrable floating-rate notes;

• €1.35 million of class M notes; and

• €36.11 million of subordinated notes.

U.S. Bank Trustees Ltd. is the trustee.

CQS Investment Management Ltd. is the collateral manager.

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