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Trinitas CLO IV directed to redeem rated notes in whole on Aug. 23
By Sarah Lizee
Olympia, Wash., Aug. 14 – Trinitas CLO IV, Ltd./Trinitas CLO IV, LLC received direction from a majority of its subordinated noteholders to redeem its rated notes in whole via refinancing, according to a notice.
The following notes will be redeemed on Aug. 23 at par plus accrued interest:
• $258 million of class A notes for a redemption price of $259,053,318.54;
• $42 million of class B notes for a redemption price of $42,213,470.46;
• $28 million of class C notes for a redemption price of $28,168,913.64;
• $15 million of class D-1 notes for a redemption price of $15,114,489.45;
• $5 million of class D-2 notes for a redemption price of $5,044,163.15; and
• $20 million of class E notes for a redemption price of $20,219,252.60.
The subordinated notes will not be redeemed on the redemption date.
U.S. Bank NA is the trustee.
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