Source - RNS
RNS Number : 7901J
Golub Capital Partners CLO 10 LTD
14 September 2016
 

The Bank of New York Mellon Trust Company, National Association

 

golub capital partners clo 10, LTD.

golub capital partners clo 10, llc

 

NOTICE OF OPTIONAL REDEMPTION

NOTE:  THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE SUBJECT NOTES.  IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS, AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE NOTES IN A TIMELY MANNER.

September 13, 2016

To:       The Noteholders described as:

Class

Designation

CUSIP*

Rule 144A

ISIN*

Rule 144A

Common Code*

Rule 144A

CUSIP*

Reg. S.

ISIN*

Reg. S.

Common Code*

Reg S

CUSIP*

Acc'd Investor

ISIN*

Acc'd Investor

Class A-R Notes

38173AAL2

US38173AAL26

108512555

G26231AF0

USG26231AF01

108513543

38173AAQ1

US38173AAQ13

Class B-R Notes

38173AAM0

US38173AAM09

108513845

G26231AG8

USG26231AG83

108513527

38173AAR9

US38173AAR95

Class C-R Notes

38173AAN8

US38173AAN81

108512512

G26231AH6

USG26231AH66

108513489

38173AAS7

US38173AAS78

Class D-R Notes

38173AAP3

US38173AAP30

108513454

G26231AJ2

USG26231AJ23

108513438

38173AAT5

US38173AAT51

Class E Notes

38173BAC0

US38173BAC00

65842181

G26246AC5

USG26246AC56

65842530

38173BAF3

US38173BAF31

Class F Notes

38173BAA4

US38173BAA44

65842157

G26246AA9

USG26246AA90

65842408

38173BAD8

US38173BAD82

Subordinated Notes

38173BAB2

US38173BAB27

65842602

G26246AB7

USG26246AB73

65842513

38173BAE6

US38173BAE65

 

To:       Those Additional Parties Listed on Schedule I hereto

 

Reference is hereby made to that certain Indenture dated as of September 21, 2011 (as supplemented, amended or modified from time to time, the "Indenture"), among GOLUB CAPITAL PARTNERS CLO 10, LTD., as issuer (the "Issuer"), GOLUB CAPITAL PARTNERS CLO 10, LLC, as co-issuer (the "Co-Issuer", and together with the Issuer, the "Co-Issuers"), and The Bank of New York MELLON Trust Company, National Association, as trustee (the "Trustee").  Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Indenture.

Pursuant to Section 9.2 of the Indenture, the Co-Issuers, at the direction of a Majority of the Subordinated Notes and the Collateral Manager, intend to redeem the Secured Notes in whole at the applicable Redemption Price on the Redemption Date occurring on October 20, 2016.

In accordance with Sections 9.4(a) and 9.4(d) of the Indenture and upon Issuer Order, the Trustee hereby provides notice of the following information relating to the Optional Redemption:

The Redemption Date shall be October 20, 2016.

The Record Date shall be October 5, 2016.

All of the Secured Notes will be redeemed in full and interest on such Secured Notes shall cease to accrue on the Redemption Date.

                        The aggregate outstanding principal amount of each Class of Secured Notes is:

for the Class A-R Notes - U.S. $61,063,331.85;

for the Class B-R Notes - U.S. $12,500,000;

for the Class C-R Notes - U.S. $31,750,000;

for the Class D-R Notes - U.S. $16,000,000;

for the Class E Notes - U.S. $15,000,000; and

for the Class F Notes - U.S. $9,000,000.

The Redemption Price of each Class of Secured Notes shall be:

for the Class A-R Notes - U.S. $61,359,141.63 (an amount equal to (x) 100% of the Aggregate Outstanding Amount of such Secured Notes, plus (y) accrued and unpaid interest thereon (including interest on any accrued and unpaid Deferred Interest) to the Redemption Date);

for the Class B-R Notes - U.S. $12,578,123.33 (an amount equal to (x) 100% of the Aggregate Outstanding Amount of such Secured Notes, plus (y) accrued and unpaid interest thereon (including interest on any accrued and unpaid Deferred Interest) to the Redemption Date);

for the Class C-R Notes - U.S. $32,045,799.93 (an amount equal to (x) 100% of the Aggregate Outstanding Amount of such Secured Notes, plus (y) accrued and unpaid interest thereon (including interest on any accrued and unpaid Deferred Interest) to the Redemption Date);

for the Class D-R Notes - U.S. $16,185,864.53 (an amount equal to (x) 100% of the Aggregate Outstanding Amount of such Secured Notes, plus (y) accrued and unpaid interest thereon (including interest on any accrued and unpaid Deferred Interest) to the Redemption Date);

for the Class E Notes - U.S. $15,225,998 (an amount equal to (x) 100% of the Aggregate Outstanding Amount of such Secured Notes, plus (y) accrued and unpaid interest thereon (including interest on any accrued and unpaid Deferred Interest) to the Redemption Date); and

for the Class F Notes - U.S. $9,135,598.80 (an amount equal to (x) 100% of the Aggregate Outstanding Amount of such Secured Notes, plus (y) accrued and unpaid interest thereon (including interest on any accrued and unpaid Deferred Interest) to the Redemption Date).

The redemption may be cancelled upon the occurrence of certain conditions, as provided in the Indenture.

The latest possible date upon which the Co-Issuers are entitled to rescind the notice of Optional Redemption is October 13, 2016.

The Issuer has advised the Trustee that the Subordinated Notes will not be redeemed on the Redemption Date.

Notwithstanding anything herein to the contrary, the completion of the redemption described herein is subject to the satisfaction of any additional conditions to the redemption set forth in the Indenture. Payment of the Redemption Price on the Redemption Date will only be made upon presentation and surrender of the Secured Notes to the Trustee at the places set forth below on or prior to the Redemption Date. 

By First Class

By Express Delivery Only:

By Hand Only:

Registered/Certified mail:



The Bank of New York
Mellon Trust Company,
National Association
Global Corporate Trust
P.O. Box 2320
Dallas, Texas 75221-2320

The Bank of New York
Mellon Trust Company,
National Association
Global Corporate Trust
2001 Bryan Street, 9th Floor
Dallas, Texas 75201

The Bank of New York Mellon
101 Barclay Street
New York, New York, 10286
1st Floor East
Corporate Trust Window

Under the Jobs and Growth Tax Relief Reconciliation Act of 2003, paying agents are required to withhold 28% of gross payments to Holders who fail to provide a valid taxpayer identification number on or before the date upon which Notes are presented for payment. Holders are additionally subject to a penalty of $50 for failure to provide such number. Please provide a taxpayer identification number when presenting Notes for payment. To avoid this 28% withholding, please submit a form W-9 or other appropriate IRS form.

Should you have any questions, please contact Robert Lozano at (713) 483-6402 or at [email protected]

 

 

 

The Bank of New York MELLON TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee


SCHEDULE I

 

Additional Addressees

 


Issuer:

Golub Capital Partners CLO 10, Ltd.
c/o Deutsche Bank (Cayman) Limited

Boundary Hall

Cricket Square

P.O. Box 1984

George Town

Grand Cayman KY1-1104

Fax: (345) 949-5223

Attention: Helen Fowler

 

Co-Issuer:

Golub Capital Partners CLO 10, LLC
c/o The Corporation Trust Company

1209 Orange Street

Wilmington, Delaware 19801

Fax: (302) 658-7581

 

Collateral Manager:

GC Investment Management LLC

340 Strand Street, 2nd Floor

Frederiksted, St. Croix

U.S. Virgin Islands 00840

Fax: (340) 692-2620

Attention: Scott Blair

 

GC Advisors LLC

666 Madison Avenue, 18th Floor

New York, NY 10022

Attention: David Golub

Fax: (212) 750-5505

 

Collateral Administrator:

The Bank of New York Mellon Trust Company, National Association

601 Travis Street, 16th Floor

Houston, Texas 77002

Attention: Global Corporate Trust - Golub Capital Partners CLO 10, Ltd.

 

Rating Agencies:

Moody's Investors Service, Inc.

7 World Trade Center

250 Greenwich Street

New York, New York 10007

Attention: CBO/CLO Monitoring

E-mail:  [email protected]

 

Standard & Poor's

55 Water Street, 41st Floor

New York, New York 10041-0003

Fax: (212) 438-2655

Attn:  Structured Credit - CDO Surveillance

E-mail:  [email protected]

 

Irish Stock Exchange:

Company Announcements Office

Irish Stock Exchange Limited

28 Anglesea Street

Dublin 2

Ireland

Attention: Golub CLO 10

 

DTC, Euroclear and Clearstream

(as applicable):

voluntary[email protected]

[email protected]

[email protected]

[email protected]


 

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

 



* No representation is made as to the correctness of the CUSIP, ISIN or Common Code numbers either as printed on the Notes or as contained in this notice.   Such numbers are included solely for the convenience of the Noteholders. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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