Cairn CLO VI noteholders intend to direct refinancing of rated notes

By Tali Rackner

Minneapolis, June 18 – Cairn CLO VI BV said some class M-1 and M-2 subordinated noteholders intend to potentially direct a refinancing of six classes of rated notes due 2029, according to a notice.

The following are affected:

• €212 million of class A senior secured floating-rate notes;

• €42.1 million of class B senior secured floating-rate notes;

• €19.6 million of class C senior secured deferrable floating-rate notes;

• €17.15 million of class D senior secured deferrable floating-rate notes;

• €24 million of class E senior secured deferrable floating-rate notes; and

• €8.7 million of class F senior secured deferrable floating-rate notes.

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

Cairn Loan Investments LLP is the investment manager.

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