AMMC CLO IX calls $388.5 million of notes for July 17 redemption

By Angela McDaniels

Tacoma, Wash., July 3 – AMMC CLO IX, Ltd. and AMMC CLO IX, Corp. plan to redeem their $388.5 million of secured notes in full on July 17, according to a notice to bondholders from trustee Citibank, NA.

The redemption is being made at the direction of the holders of a majority of the subordinated notes. The subordinated notes will not be redeemed.

The redemption applies to the issuers’ $270 million of class A-R notes, $28 million of class B-1-R notes, $15 million of class B-2-R notes, $35 million of class C-R notes, $19.5 million of class D-R notes and $21 million of class E-R notes.

The redemption price for each series of secured notes is 100% of the outstanding amount plus accrued interest – including interest on accrued deferred interest, if applicable – to the redemption date.

American Money Management Corp. is the collateral manager. The Cincinnati-based firm is a subsidiary of insurance holding company American Financial Group, Inc.

© 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.