Jackson Mill CLO directed to refinance five classes of notes May 30

By Sarah Lizee

Olympia, Wash., May 15 – Jackson Mill CLO Ltd./Jackson Mill CLO LLC received direction from a majority of its subordinated noteholders and the collateral manager to refinance all classes of its secured debt, according to a notice.

The notes will be redeemed on May 30 at par plus accrued interest up to but excluding the refinancing date for the following refinancing prices:

• $353,672,570.63 for the class A notes;

• $66,374,913.66 for the class B notes;

• $32,712,422.13 for the class C notes;

• $32,742,213.80 for the class D notes; and

• $24,720,022.50 for the class E notes.

The subordinated notes will not be refinanced on the refinancing date.

U.S. Bank NA is the trustee.

New York-based Shenkman Capital Management, Inc. is the collateral manager.

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