Dryden 39 Euro CLO 2015 subordinated holders could require redemption

By Tali Rackner

Minneapolis, July 12 – Dryden 39 Euro CLO 2015 BV said certain subordinated noteholders are assessing options that may lead to an optional redemption of nine classes of rated notes due 2029 and some subordinated notes, according to a notice.

The following are affected:

• €221 million of class A-1 senior secured floating-rate notes;

• €16,895,000 of class A-2 senior secured fixed-rate notes;

• €36.4 million of class B-1 senior secured floating-rate notes;

• €12.32 million of class B-2 senior secured fixed-rate notes;

• €25.65 million of class C-1 mezzanine secured deferrable floating-rate notes;

• €1.35 million of class C-2 mezzanine secured deferrable floating-rate notes;

• €22 million of class D mezzanine secured deferrable floating-rate notes;

• €24 million of class E mezzanine secured deferrable floating-rate notes;

• €13 million of class F mezzanine secured deferrable floating-rate notes; and

• €42.5 million of subordinated notes.

U.S. Bank Trustees Ltd. is the trustee.

PGIM Ltd. is the collateral manager.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.