REG - Thayer Park CLO, LTD - Thayer Park CLO - Cleansing Notice

US BancorpAnnouncement

12/02/2020 14:45

RNS Number : 8002C
Thayer Park CLO, LTD
12 February 2020
 


February 11, 2020
THAYER PARK CLO, ltd.
(the "Issuer")
THAYER PARK CLO, lLC
(the "Co-Issuer")
 
U.S.$302,500,000 Class A-1 Senior Secured Floating Rate Notes due 2029
(Reg S: G88011 AA2; 144A: 883310 AA2)
U.S.$64,500,000 Class A-2 Senior Secured Floating Rate Notes due 2029
(Reg S: G88011 AB0; 144A: 883310 AC8)
U.S.$39,500,000 Class B Secured Deferrable Floating Rate Notes due 2029
(Reg S: G88011 AC8; 144A: 883310 AE4)
U.S.$28,750,000 Class C Secured Deferrable Floating Rate Notes due 2029
(Reg S: G88011 AD6; 144A: 883310 AG9)
U.S.$24,750,000 Class D Secured Deferrable Floating Rate Notes due 2029
(Reg S: G88007 AA0; 144A: 88330P AA8)
U.S.$54,600,000 Subordinated Notes due 2029
(Reg S: G88007 AB8; 144A: 88330P AC4)

(the "Notes")
 
Re: Exploration of Optional Redemption
 
We refer to the Indenture dated May 16, 2017 among the Issuer, the Co-Issuer and U.S. Bank National Association, as the Trustee (the "Indenture").  Terms used but not otherwise defined in this announcement shall have the meanings given to them in the Offering Circular issued by the Issuer on May 10, 2017 relating to the Notes.
 
This notice is to inform all Holders of Notes issued by the Co-Issuers or the Issuer, as applicable, that certain Holders or beneficial owners of Notes have entered into discussions with respect to the potential redemption of all or any Classes of Notes from the proceeds of an issuance of replacement and additional notes by the Co-Issuers or the Issuer (such proposed transaction, the "Refinancing Transaction").  If directed by a Majority of the Subordinated Notes, the Refinancing Transaction will be effected in accordance with, and subject to, the terms and conditions specified in the Indenture.  In connection therewith, not later than nine (9) Business Days prior to the applicable Redemption Date, a notice of redemption is required to be delivered to each Holder of Notes to be redeemed with information pertaining thereto specified in the Indenture.
 
This announcement does not constitute a written direction for the purposes of Section 9.2 of the Indenture.  Notices required by the Transaction Documents, if any, will be provided separately.
 
This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities referenced herein or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, such securities or any other securities in the United States or any other jurisdiction. The securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act") or an applicable exemption from registration. No public offering of securities will be made in the United States.
 
By this Issuer Order, the Issuer hereby directs the Trustee to deliver this notice to the Holders of Notes, to post such notice on the Trustee's Website and to post (or request to be posted) such notice on the website of Euronext Dublin, in the name and at the expense of the Co-Issuers.  It is agreed and acknowledged that the Trustee does not assume any responsibility or liability for the contents of this notice and makes no recommendations as to any action to be taken with respect to this notice.
 
THE FOREGOING IS NOT INTENDED AND SHOULD NOT BE CONSTRUED AS ADVICE (INVESTMENT, ACCOUNTING, FINANCIAL, LEGAL, TAX OR OTHERWISE) BY OR ON BEHALF OF THE TRUSTEE, OR ITS DIRECTORS, OFFICERS, AFFILIATES, AGENTS, ATTORNEYS OR EMPLOYEES. THE TRUSTEE HAS POSTED THIS NOTICE AS DIRECTED HEREIN AND HAS NOT VERIFIED THE CORRECTNESS OR ACCURACY OF ANY STATEMENTS MADE IN THIS NOTICE AND THIS NOTICE SHOULD NOT BE DEEMED TO BE THE STATEMENTS OF THE TRUSTEE.
 
THAYER PARK CLO, LTD.
THAYER PARK CLO, LLC
 
 
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
 




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