Carlyle holders exercise put option on $155.42 million of notes

By Toni Weeks

San Luis Obispo, Calif., March 8 - Holders of a majority of some preference shares issued by Carlyle Vantage CLO Ltd. and Carlyle Modena CLO, Ltd. have exercised their put option on the notes, according to news releases filed with the Irish Stock Exchange.

Carlyle Vantage will redeem $125,196,017 of notes from five series on March 21 as follows:

• $41,883,301 of class A-1 notes due 2017;

• $8,312,716 of class A-3 notes due 2017;

• $20 million of class B notes due 2017;

• $25 million of class C notes due 2017; and

• $30 million of class D notes due 2017.

Carlyle Modena will redeem $30,226,175 of notes from two series on March 22 as follows:

• $9,976,175 of class C Rule 144A global notes due 2016; and

• $20.25 million of class D Rule 144A global notes due 2016.

The redemptions are applicable to holders of record as of March 14. The redemption price will be par plus accrued interest, including defaulted interest and interest on defaulted interest, if any, through the redemption date.

Bank of New York Mellon Trust Co. is the trustee for the notes.

Carlyle is an investment company based in the Cayman Islands.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.