Hempstead CLO calls five classes of secured notes and income notes

By Marisa Wong

Morgantown, W.Va., July 3 – Hempstead CLO LP issued a notice of optional redemption for its class A-1, class A-2, class B, class C and class D secured notes.

Holders of a majority of Hempstead’s income notes have directed the issuer to redeem the secured notes in whole using sales proceeds or refinancing proceeds, according to the notice.

The notes will be redeemed on July 17 at the following redemption prices, equal to par plus accrued interest to the redemption date:

• $386,077,099.12 for the class A-1 notes;

• $47,727,698.66 for the class A-2 notes;

• $70,318,397.33 for the class B notes;

• $31,544,831.97 for the class C notes; and

• $27,183,135.05 for the class D notes.

Hempstead said the income notes are also to be redeemed in full on July 17. The redemption price for each income note will be its proportional share of the amount of proceeds of the assets remaining after the secured notes are redeemed in whole and all expenses are paid.

The record date is July 16 for global notes and July 2 for certificated notes.

U.S. Bank NA is trustee.

New York-based Guggenheim Partners Investment Management, LLC is the collateral manager.

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