Sudbury Mill CLO to issue $352.5 million of notes via refinancing

By Tali Rackner

Norfolk, Va., March 28 – Sudbury Mill CLO Ltd./Sudbury Mill CLO LLC plans to issue $352.5 million through six classes of notes via a refinancing, according to a notice from trustee U.S. Bank NA.

Sudbury intends to issue $200 million of class A-1-R senior floating-rate notes, $50 million of class A-2-R senior floating-rate notes, $38 million of class B-1-R senior floating-rate notes, $15 million of class B-2-R senior fixed-rate notes, $24.5 million of class C-R deferrable mezzanine floating-rate notes and $25 million of class D-R deferrable mezzanine floating-rate notes.

Proceeds will be used to refinance the existing class A-1, A-2, B-1, B-2, C and D notes.

The refinancing is expected to take place on April 17.

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

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