Rye Harbour CLO manager exploring options for possible note redemption

By Tali Rackner

Norfolk, Va., March 3 – Rye Harbour CLO, DAC said collateral manager Bain Capital Credit Ltd. is exploring options that may lead to a redemption of nine classes of notes due 2028 and some subordinated notes, according to a filing with the London Stock Exchange.

The following are affected:

• €211.75 million of class A senior secured floating-rate notes;

• €5 of class B-1 senior secured floating-rate notes;

• €10 of class B-2 senior secured fixed-rate notes;

• €20 of class B-3 senior secured fixed/floating-rate notes;

• €12 million of class C-1 senior secured deferrable floating-rate notes;

• €10.75 million of class C-2 senior secured deferrable floating-rate notes;

• €20,125,000 of class D senior secured deferrable floating-rate notes;

• €22 million of class E senior secured deferrable floating-rate notes;

• €11 million of class F senior secured deferrable floating-rate notes; and

• €41.4 million of subordinated notes.

U.S. Bank NA is the trustee.

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