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Published on 3/6/2020 in the Prospect News CLO Daily and Prospect News Liability Management Daily.

Ares XXXIV CLO directed to redeem all secured notes on March 20

By Sarah Lizee

Olympia, Wash., March 6 – Ares XXXIV CLO Ltd./Ares XXXIV CLO LLC received direction from holders of a majority of its subordinated notes to redeem all classes of its secured notes in whole from refinancing proceeds on March 20.

The notes will be redeemed at par plus accrued interest to the redemption date for the following redemption prices:

• $425,267,153.62 of class A-R notes (Cusip: 04015GAK5);

• $103,578,268.01 of class B-R notes (Cusip: 04015GAM1);

• $64,350,316.61 of class C notes (Cusip: 04015GAD1);

• $42,355,482.75 of class D notes (Cusip: 04015GAH2);

• $11,634,805.40 of class E-1 notes (Cusip: 04015HAC1);

• $20,702,551.10 of class E-2 notes (Cusip: 04015HAE7); and

• $12,039,494.28 of class F notes (Cusip: 04015H AG2).

The subordinated notes (Cusip: 04015HAJ6) will not be redeemed.

U.S. Bank NA is the trustee.


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