Dryden 29 Euro CLO 2013 holders explore possible rated note redemption

By Tali Rackner

Minneapolis, Oct. 31 – Dryden 29 Euro CLO 2013 BV said certain subordinated noteholders are exploring options that may lead to the optional redemption of some or all of its rated notes due 2026, according to a notice.

The following are affected:

• €150.25 million of class A-1A-R senior secured floating-rate notes;

• €75 million of class A-1B-R senior secured fixed-rate notes;

• €25.5 million of class B-1A-R senior secured floating-rate notes;

• €25 million of class B-1B-R senior secured fixed-rate notes;

• €32.75 million of class C-R mezzanine secured deferrable floating-rate notes;

• €23.25 million of class D mezzanine secured deferrable floating-rate notes;

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

• €17.5 million of class F mezzanine secured deferrable floating-rate notes; and

• €43.5 million of subordinated notes.

U.S. Bank Trustees Ltd. is the trustee.

PGIM Ltd. is the collateral manager.

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