Palmerston Park CLO manager considers redemption of notes due 2030

By Sarah Lizee

Olympia, Wash., Sept. 24 – Palmerston Park CLO DAC said its collateral manager is exploring an optional redemption through refinancing of its notes, according to a notice.

Holders of the following were notified:

• €233 million of class A-1A senior secured floating-rate notes due 2030;

• €10 million of class A-1B senior secured fixed-rate notes due 2030;

• €26 million of class A-2A senior secured floating-rate notes due 2030;

• €20 million of class A-2B senior secured floating-rate notes due 2030;

• €14 million of class B-1 senior secured deferrable floating-rate notes due 2030;

• €10 million of class B-2 senior secured deferrable floating-rate notes due 2030;

• €21 million of class C senior secured deferrable floating-rate notes due 2030;

• €24.5 million of class D senior secured deferrable floating-rate notes due 2030;

• €11 million of class E senior secured deferrable floating-rate notes due 2030; and

• €45 million of subordinated notes due 2030.

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