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Cairn CLO V holders, manager discuss redemption of rated notes
By Sarah Lizee
Olympia, Wash., Feb. 13 – Cairn CLO V BV said there have been discussions between some subordinated noteholders, the investment manager and the retention holder to explore an optional redemption of its rated notes in whole or in part by way of refinancing, according to a notice.
Holders of the following notes were notified:
• €183.8 million of class A-R senior secured floating-rate notes due 2030 (ISINs: XS1641642845, XS1641642928, XS1641643066, XS1641643140, XS1641643223, XS1641643579);
• €25 million of class B-1-R senior secured floating-rate notes due 2030 (ISINs: XS1641643496, XS1641643652, XS1641643819, XS1641643736, XS1641643900, XS1641644114);
• €7 million of class B-2-R senior secured fixed-rate notes due 2030 (ISINs: XS1641644031, XS1641644205, XS1641644544, XS1641644387, XS1641644460, XS1641644973);
• €20.5 million of class C-R senior secured deferrable floating-rate notes due 2030 (ISINs: XS1641644627, XS1641644890, XS1641645350, XS1641645194, XS1641645277, XS1641645608);
• €15 million of class D-R senior secured deferrable floating-rate notes due 2030 (ISINs: XS1641645434, XS1641645517, XS1641645947, XS1641645780, XS1641645863, XS1641646242);
• €20 million of class E-R senior secured deferrable floating-rate notes due 2030 (ISINs: XS1641646085, XS1641646168);
• €8 million of class F-R senior secured deferrable floating-rate notes due 2030 (ISINs: XS1641646598, XS1641646325); and
• €32.15 million of subordinated notes due 2030 (ISINs: XS1235784573, XS1235784656).
U.S. Bank Trustees Ltd. is the trustee.
Cairn Loan Investment LLP is the investment manager.
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