Wellfleet CLO 2017-1 plans refinancing and redemption on March 12

Chicago, March 11 – Wellfleet CLO 2017-1, Ltd./Wellfleet CLO 2017-1 LLC announced that it is conducting a second refinancing and redeeming several series of notes from its earlier transaction, according to filing notices.

The CLO, managed by Wellfleet Credit Partners, LLC, is redeeming the class A-1-R senior secured floating-rate notes and selling A-1-R-R notes, redeeming class A-2 senior secured floating-rate notes and selling class A-2-R notes, redeeming class B mezzanine secured deferrable floating-rate notes and selling class B-R notes and redeeming class C mezzanine secured deferrable floating-rate notes and selling class C-R notes.

The refinancing was originally going to include the class D notes, but that plan has been abandoned.

Nomura is the placement agent for the second refinancing.

The date for the refinancing is set for March 12.

The Greenwich, Conn.-based performing credit arm was created in 2015 by private investment firm Littlejohn & Co., LLC.

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