Avoca CLO XVII manager considers redemption of rated notes due 2030

By Sarah Lizee

Olympia, Wash., July 29 – Avoca CLO XVII DAC’s investment manager is assessing options that may ultimately result in an optional redemption of rated notes, according to a notice.

Holders of the following notes were notified:

• €269 million of class A-1 senior secured floating-rate notes due 2030;

• €10 million of class A-2 senior secured fixed-rate notes due 2030;

• €53.7 million of class B senior secured floating-rate notes due 2030;

• €23.4 million of class C deferrable mezzanine floating-rate notes due 2030;

• €22.4 million of class D deferrable mezzanine floating-rate notes due 2030;

• €26.5 million of class E deferrable junior floating-rate notes due 2030;

• €11 million of class F deferrable junior floating-rate notes due 2030; and

• €49.5 million of subordinated notes due 2030.

Bank of New York Mellon, London Branch is the trustee.

KKR Credit Advisors (Ireland) Unlimited Co. is the investment manager.

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