Harbourmaster CLO 11 redeems all notes after notice from C holders

New York, Jan. 22 – Harbourmaster CLO 11 BV said it will redeem all of its outstanding notes following receipt of a notice from holders of its series C subordinated notes.

The issuer said it had received a notice requesting the redemption from holders of at least 66 2/3% of the series C notes, other than notes held by the collateral manager, collateral adviser and affiliates.

The redemption date will be Feb 17.

Funding for the redemption will come from the liquidation of the CLO collateral.

Affected by the call are Harbourmaster CLO 11’s €270 million of class A1 floating-rate notes due 2024, €80 million of class A2 floating-rate notes due 2024, €35 million of class A3 floating-rate notes due 2024, €50 million of class A4 deferrable floating-rate notes due 2024, €24 million of class B deferrable floating-rate notes due 2024 and €20.2 million class C subordinated notes due 2024.

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