Goldentree Loan Management to redeem five note classes Feb. 19

By Sarah Lizee

Olympia, Wash., Feb. 10 – Goldentree Loan Management US CLO 1, Ltd./Goldentree Loan Management US CLO 1, LLC plans to redeem five classes of senior secured notes on Feb. 19, according to a notice.

The portfolio manager had previously directed the issuer to refinance some or all classes of the notes on or before Feb. 10. On Feb. 4, the issuer provided notice that the refinancing would occur on Feb. 19.

The notes will be redeemed at par plus accrued interest to the redemption date:

• $428.75 million of class A senior secured floating-rate notes due April 2029 (Cusips: 38136FAC7, G39609AB1, 38136FAD5) for a redemption price of $429,799,660.63;

• $66 million of class B-1 senior secured floating-rate notes due April 2029 (Cusips: 38136FAG8, G39609AD7, 38136FAH6) for a redemption price of $66,179,125.41;

• $18 million of class B-2 senior secured floating-rate notes due April 2029 (Cusips: 38136FAJ2, G39609AE5, 38136FAK9) for a redemption price of $18,054,955;

• $57.75 million of class C mezzanine deferrable floating-rate notes due April 2029 (Cusips: 38136FAL7, G39609AF2, 38136FAM5) for a redemption price of $57,936,973.28; and

• $45.5 million of class D mezzanine deferrable floating-rate notes due April 2029 (Cusips: 38136FAQ6, G39609AH8, 38136FAR4) for a redemption price of $45,689,462.97.

The $26.25 million of class E junior deferrable floating-rate notes due April 2029 (Cusips: 38136HAA7, G3960GAA7, 38136HAB5), $15.75 million of class F junior deferrable floating-rate notes due April 2029 (Cusips: 38136HAE9, G3960GAC3, 38136HAF6) and $46.25 million of subordinated notes due April 2029 (Cusips: 38136HAJ8, G3960GAE9, 38136HAK5) are not being refinanced and will remain outstanding.

Goldentree will issue $428.75 million of class A-R notes due April 2029, $66 million of class B-1-R senior secured floating-rate notes due April 2029, $18 million of class B-2-R senior secured floating-rate notes due April 2029, $57.75 million of class C-R mezzanine deferrable floating-rate notes due April 2029 and $45.5 million of class D-R mezzanine deferrable floating-rate notes due April 2029.

Bank of New York Mellon Trust Co., NA is the trustee.

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