Dryden 43 Senior Loan to redeem secured notes July 22 via refinancing

By Angela McDaniels

Tacoma, Wash., July 8 – Dryden 43 Senior Loan Fund and Dryden 43 Senior Loan Fund LLC said the holders of a majority of their subordinated notes have directed them to redeem the secured notes in whole from refinancing proceeds.

The redemption date is July 22.

The redemption price will be

• $384,978,979 for the class A notes;

• $75,870,472 for the class X notes;

• $33,441,399 for the class B notes;

• $33,474,766 for the class C notes;

• $30,659,105 for the class D-R notes; and

• $2,629,519 for the class E-R notes.

For the class A, X and B notes, the redemption price is equal to the principal amount of notes plus accrued interest.

For the class C, D-R and E-R notes, the redemption price is equal to the principal amount of notes plus accrued interest including any cumulative periodic rate shortfall amount.

PGIM, Inc. is the collateral manager. The asset management firm is part of Newark-based Prudential Investment Management, 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.