Black Diamond CLO 2015-1 to redeem seven sets of rated notes Jan. 18

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – Black Diamond CLO 2015-1 DAC’s collateral manager exercised its right to require an optional redemption of seven classes of rated notes due 2029, according to a notice.

The following notes will be redeemed from refinancing proceeds on Jan. 18 at 100% of the outstanding principal amount plus accrued interest:

• €176.3 million of class A-1 senior secured floating-rate notes;

• €67.2 million of class A-2 senior secured floating-rate notes;

• €24.3 million of class B-1 senior secured floating-rate notes;

• €30 million of class B-2 senior secured fixed-rate notes;

• €22.9 million of class C senior secured deferrable floating-rate notes;

• €24.8 million of class D senior secured deferrable floating-rate notes; and

• €23.6 million of class E senior secured deferrable floating-rate notes.

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