York CLO-1 to refinance five classes of secured notes on Sept. 20

By Sarah Lizee

Olympia, Wash., Aug. 23 – York CLO-1 Ltd./York CLO-1 LLC plans to refinance all classes of its secured notes on Sept. 20, according to a notice.

The following notes will be redeemed at par plus accrued interest:

• $250 million of class A-R notes for a redemption price of $251,432,823.19;

• $49 million of class B-R notes for a redemption price of $49,325,001.40;

• $22 million of class C-R notes for a redemption price of $22,169,355.11;

• $24.5 million of class D-R notes for a redemption price of $24,730,760.42; and

• $23.5 million of class E notes for a redemption price of $23,800,295.10.

As previously reported, the issuer received direction from a majority of its subordinated noteholders and the collateral manager to redeem the notes.

The subordinated notes are not being redeemed on the redemption date.

York said it plans to issue new class A-RR, B-RR, C-RR, D-RR, E-RR and F-RR replacement notes.

The issuer is also proposing a fourth supplemental indenture to be entered into in order to facilitate the refinancing.

U.S. Bank NA is the trustee.

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