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Vibrant CLO IV withdraws notice to redeem six secured note classes
By Sarah Lizee
Olympia, Wash., April 23 – Vibrant CLO IV, Ltd./Vibrant CLO IV, LLC withdrew its notice of optional redemption for six classes of its notes, according to a notice.
As previously reported, the issuer had received direction from holders of a majority of its subordinated notes to redeem the secured notes in full with refinancing proceeds.
The following notes were going to be redeemed on April 22 at par plus accrued interest:
• $236 million of class A-1 notes;
• $24 million of class A-2 notes;
• $42 million of class B notes;
• $21.6 million of class C notes;
• $22.4 million of class D notes; and
• $20 million of class E notes.
The subordinated notes would not have been redeemed.
Citibank, NA is the trustee.
New York-based DFG Investment Advisers, Inc. is the portfolio manager.
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