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Versailles CLO M.E. I notes might be subject to redemption option
By Susanna Moon
Chicago, June 8 Versailles CLO M.E. I plc announced that some holders of its subordinated notes have discussed the possibility of redeeming the notes issued in its collateralized loan obligation transaction.
The companys notes include the following:
7.5 million class S senior floating-rate notes due 2023;
102.75 million class A-1-D senior delayed-draw floating-rate notes due 2023;
95.3 million class A-1-T senior secured floating-rate notes due 2023;
33 million class A-2 senior variable funding floating-rate notes due 2023;
22.5 million class B senior secured floating-rate notes due 2023;
18 million class C deferrable secured floating-rate notes due 2023;
12.2 million class D deferrable secured floating-rate notes due 2023;
14 million class E deferrable secured floating-rate notes due 2023; and
32.25 million subordinated notes due 2023.
BNP Paribas Asset Management SAS is the collateral manager.
Holders of the subordinated notes who would like to discuss the possible exercise of the redemption right may contact GreensLedge Capital Markets Europe LLP.
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