Dryden 35 Euro CLO 2014 redeems eight classes of notes due 2027

By Sarah Lizee

Olympia, Wash., Jan. 31 – Dryden 35 Euro CLO 2014 BV said it redeemed eight classes of its rated notes due 2027 in whole on Jan. 31.

As previously reported, the issuer received direction from its subordinated noteholders to redeem the notes from refinancing proceeds and sale proceeds.

The following notes were redeemed at par plus accrued interest:

• €232.1 million of class A-1A senior secured floating-rate notes;

• €15.8 million of class A-1B senior secured fixed-rate notes;

• €19 million of class B-1A senior secured floating-rate notes;

• €33.7 million of class B-1B senior secured fixed-rate notes;

• €31.9 million of class C mezzanine secured deferrable floating-rate notes;

• €21.2 million of class D mezzanine secured deferrable floating-rate notes;

• €27.1 million of class E mezzanine secured deferrable floating-rate notes; and

• €14.5 million of class F mezzanine secured deferrable floating-rate notes.

Deutsche Trustee Co. Ltd. is the trustee.

PGIM Ltd. is the collateral manager.

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