Sudbury Mill CLO to redeem five classes of notes via refinancing

By Tali Rackner

Minneapolis, April 4 – Sudbury Mill CLO, Ltd./Sudbury Mill CLO, LLC said a majority of its subordinated noteholders directed it to redeem five classes of notes via a refinancing, according to a notice from trustee U.S. Bank NA.

The notes will be redeemed at par plus accrued interest on April 17 for the following total redemption prices:

• $201,236,585 of class A-1 notes;

• $50,302,896.25 of class A-2 loans;

• $38,306,201.15 of class B-1 notes;

• $15,165,375 of class B-2 notes; and

• $24,746,419.16 of class C notes.

New York-based Shenkman Capital Management, Inc. manages the CLO.

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