Galaxy XX CLO directed to redeem $506.55 million of notes on March 14

By Tali Rackner

Minneapolis, Feb. 28 – Galaxy XX CLO, Ltd./Galaxy XX CLO, LLC received direction from its collateral manager to redeem $506.55 million from five classes of notes, according to a notice from trustee U.S. Bank NA.

The following notes will be redeemed in full at par plus accrued interest on March 14:

• $352 million for the class A senior notes, for a total redemption price of $353,593,090.40;

• $63.25 million for the class B senior notes, for a total redemption price of $63,581,060.51;

• $33 million for the class C mezzanine notes, for a total redemption price of $33,203,114.73;

• $31.35 million for the class D mezzanine notes, for a total redemption price of $31,582,930.24; and

• $26.95 million for the class E junior notes, for a total redemption price of $27,226,596.61.

Los Angeles-based PineBridge Investments LLC is the collateral manager.

© 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.