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Vibrant CLO IV directed to redeem six classes of notes on April 22
By Sarah Lizee
Olympia, Wash., April 10 – Vibrant CLO IV, Ltd./Vibrant CLO IV, LLC received direction from holders of a majority of its subordinated notes to redeem six classes of its notes in full with refinancing proceeds, according to a notice.
The following notes will be redeemed on April 22 at par plus accrued interest:
• $236 million of class A-1 notes;
• $24 million of class A-2 notes;
• $42 million of class B notes;
• $21.6 million of class C notes;
• $22.4 million of class D notes; and
• $20 million of class E notes.
The subordinated notes will not be redeemed.
Citibank, NA is the trustee.
New York-based DFG Investment Advisers, Inc. is the portfolio manager.
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