Versailles CLO M.E. does not get enough holder requests to call notes

By Tali Rackner

Norfolk, Va., June 18 – Versailles CLO M.E. I plc did not receive written requests from the holders of at least 66% of its subordinated notes to redeem notes issued in its collateralized loan obligation transaction, according to a notice.

As a result, no notes will be redeemed.

The 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.

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