Aeolus now seeks class D noteholders' approval to redeem floaters on Sept. 30

By E. Janene Geiss

Philadelphia, Sept. 8 - Holders of Aeolus CDO Ltd.'s class D deferrable interest floating-rate notes due 2066 did not approve a consent solicitation seeking an extension of the maturity dates on its €49.7 million of class A secured credit-linked floating-rate notes due 2066.

The company was seeking to redeem all of the floaters on the amended maturity date of Sept. 19.

The holders of the three other note series covered by the resolution approved the extension.

The noteholders approving the extended maturity dates included:

• €49.7 million of class A secured credit-linked floating-rate notes due 2066;

• €25 million of class B floating-rate notes due 2066; and the

• €12.5 million of class C deferrable interest floating-rate notes due 2066.

Aeolus sought the consent through an extraordinary resolution at a meeting held on Sept. 7 in London.

The meeting of the class D noteholders was adjourned until Sept. 22.

The company is now seeking approval of a new extended maturity date of Sept. 30.

The redemption of the notes on the amended maturity date requires the approval of each class of notes.

Holders of the €9.5 million of class E deferrable interest floating-rate notes due 2066 and €15.5 million of subordinated floating-rate notes due 2066 were expected to approve the redemption by written resolutions.

The measures also require the approval of the CDS counterparty.

The Bank of New York Mellon is the principal paying agent and J.P. Morgan Bank (Ireland) plc is the paying agent.

BNY Mellon Corporate Trustee Services Ltd. is the trustee.

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