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Hildene CLO I directed to redeem secured, subordinated notes Jan. 17
By Sarah Lizee
Olympia, Wash., Dec. 28 – Hildene CLO I Ltd./Hildene CLO I LLC received direction from a majority of its subordinated noteholders to redeem its secured and subordinated notes on Jan. 17, according to a notice.
The notes will be redeemed at par plus accrued interest for the following redemption prices:
• $188,699,512.29 for the class A-R notes;
• $38,795,494.30 for the class B-R notes;
• $16,662,482.08 for the class C-R notes;
• $18,741,274.10 for the class D notes;
• $14,740,984.51 for the class E notes; and
• $6,116,584.39 for the class F notes.
For the subordinated notes, the redemption price will be the respective proportional share of the amount of the proceeds of the assets remaining after giving effect to the redemption of the secured notes and full payment of all expenses.
Deutsche Bank Trust Co. Americas is the trustee.
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