Dryden XIV Euro CLO 2006 to redeem eight classes of notes due 2020

By Wendy Van Sickle

Columbus, Ohio Aug. 27 – Dryden XIV Euro CLO 2006 plc will redeem its eight classes of notes due 2020 at the option of a two-thirds majority of its class 1 subordinated noteholders, according to a London Stock Exchange notice.

The following notes will be redeemed on their September payment date:

• €312.5 million of class A senior floating-rate notes;

• €35 million of class B senior floating-rate notes;

• €28 million of class C mezzanine deferrable interest floating-rate notes;

• €18 million of class D mezzanine deferrable interest floating-rate notes;

• €27 million of class E mezzanine deferrable interest floating-rate notes;

• €42.5 million of class 1 subordinated notes;

• €6 million of class Q combination notes; and

• €10 million of class S combination notes.

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