Babson CLO 2015-II to refinance eight series of notes on Oct. 20

By Angela McDaniels

Tacoma, Wash., Sept. 27 – Babson CLO 2015-II Ltd. and Babson CLO 2015-II LLC will redeem eight series of notes in whole on Oct. 20 using refinancing proceeds, according to a notice to noteholders.

The redemption is being carried out at the direction of the holders of majority of the CLO’s subordinated notes.

The redemption prices are as follows:

• $226,556,491 for the class A-1 notes;

• $100,696,885 for the class A-2 notes;

• $13,106,542 for the class B-1 notes;

• $34,587,363 for the class B-2 notes;

• $5,557,023 for the class C notes;

• $30,391,532 for the class D notes;

• $25,438,082 for the class E notes; and

• $10,205,900 for the class F notes.

The subordinated notes are not being redeemed.

In connection with the issuance of the refinancing notes, the class B-1 note component and the class C note component, which are included in the underlying components of the CLO’s combination notes, will be subject to the refinancing.

Babson Capital Management LLC manages the CLO. The global asset management firm is based in Springfield, Mass.

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