Voya CLO 2013-3 directed to redeem secured notes via refinancing

By Sarah Lizee

Olympia, Wash., Aug. 23 – Voya CLO 2013-3, Ltd./Voya CLO 2013-3, LLC received direction from a majority of its subordinated noteholders to redeem each outstanding class of secured notes from refinancing proceeds on or after Sept. 20, according to a notice.

The issuer plans to redeem the class A-1-R floating-rate notes, class A-2-R floating-rate notes, class B-R deferrable floating-rate notes, class C-R deferrable floating-rate notes, class D deferrable floating-rate notes and class E deferrable floating-rate notes.

In connection with the refinancing, the issuer and the trustee are expected to amend the indenture in order to, among other things, facilitate the issuance of replacement securities.

State Street Bank and Trust Co. is the trustee.

New York-based Voya Alternative Asset Management LLC is the investment manager.

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