Lime Street CLO directed to redeem rated, subordinated notes March 20

By Sarah Lizee

Olympia, Wash., March 6 – Lime Street CLO, Ltd./Lime Street CLO, Corp. was directed by a supermajority of its subordinated noteholders to redeem its rated and subordinated notes, according to a notice.

The notes will be redeemed by liquidation on March 20 for the following redemption prices:

• $6,771,286.64 for the class B notes;

• $22,141,651.40 for the class C notes;

• $15,154,705.50 for the class D notes; and

• $12,769,760.91 for the class E notes.

For the $30.4 million of subordinated notes, the redemption price will be the proportionate share of proceeds of collateral remaining after payment in full of all amounts senior in priority to the subordinated notes.

U.S. Bank NA is the trustee.

Boston-based Newstar Capital LLC is the collateral manager.

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