Source - RNS
RNS Number : 4922T
Great Lakes CLO 2012-1, Ltd
12 October 2017
 

 

Notice to Holders of Great Lakes CLO 2012-1, Ltd. and, as applicable, Great Lakes CLO 2012-1, LLC,

 

Class


CUSIP/ISIN[1]

Class A Notes


390558AA2/US390558AA25/G4164LAA8/USG4164LAA82

Class B Notes


390558AD6/US390558AD63/G4164LAB6/USG4164LAB65

Class C Notes


390558AG9/US390558AG94/G4164LAC4/USG4164LAC49

Class D Notes


390558AK0/US390558AK07/G4164LAD2/USG4164LAD22

Class E Notes


390557AA4/US390557AA42/G4165CAA7/USG4165CAA74

Subordinated Notes


390557AF3/US390557AF39/G4165CAB5/USG4165CAB57

 

and notice to the parties listed on Schedule A attached hereto.

 

NOTICE OF OPTIONAL REDEMPTION OF NOTES

 

PLEASE FORWARD THIS NOTICE TO BENEFICIAL HOLDERS

Reference is made to that certain Indenture dated as of December 17, 2012 (as amended, modified or supplemented from time to time, the "Indenture") among Great Lakes CLO 2012-1, Ltd., as issuer (the "Issuer"), Great Lakes CLO 2012-1, LLC, as co-issuer (together with the Issuer, the "Issuers"), and U.S. Bank National Association, as trustee (the "Trustee").  Capitalized terms used but not defined herein which are defined in the Indenture shall have the meaning given thereto in the Indenture. 

 

The Trustee, on behalf of the Issuers, hereby provides notice of redemption of the Notes pursuant to Section 9.3(a) of the Indenture, as follows:

 

i)    The Redemption Date is October 16, 2017. The Record Date is October 15, 2017.

 

ii)   The Redemption Prices of the Notes to be redeemed are as follows:

 

Class

Redemption Price

Class A Notes

 

$86,266,651.71

 

Class B Notes

$31,570,207.04

Class C Notes

 

$26,355,137.26

 

Class D Notes

 

$20,064,698.97

 

Class E Notes

 

$29,498,742.41

 

Subordinated Notes

 

TBD[2]

 

 

iii)   All of the Rated Notes and Subordinated Notes are to be redeemed in full, and interest on such Rated Notes shall cease to accrue on October 16, 2017.

 

iv)  The Definitive Notes are to be surrendered for payment of the Redemption Price at the following address:           

U.S. Bank National Association
Global Corporate Trust Services
111 Fillmore Ave E

St. Paul, MN 55107

Attention: Bondholder Services - EP-MN-WS2N - Great Lakes CLO 2012-1, Ltd.

 

v)   The Issuer is entitled to rescind any of the transactions necessary or desirable to effectuate the Redemption in accordance with the terms of the Indenture on or before October 10, 2017.

Recipients of this notice are cautioned that this notice is not evidence that the Trustee will recognize the recipient as a Holder. 

In addressing inquiries that may be directed to it, the Trustee may conclude that a specific response to a particular inquiry from an individual Holder is not consistent with equal and full dissemination of information to all Holders.  Holders should not rely on the Trustee as their sole source of information. 

The Trustee makes no recommendations, and gives no investment, tax or legal advice.  Each Holder should seek advice from its own counsel and advisors based on the Holder's particular circumstances.

The Trustee expressly reserves all rights under the Indenture, including, without limitation, its right to payment in full of all fees and costs (including, without limitation, fees and costs incurred or to be incurred by the Trustee in performing its duties, indemnities owing or to become owing to the Trustee, compensation for Trustee time spent and reimbursement for fees and costs of counsel and other agents it employs in performing its duties or to pursue remedies) prior to any distribution to Holders or other parties, as provided in and subject to the applicable terms of the Indenture, and its right, prior to exercising any rights or powers vested in it by the Indenture at the request or direction of any of the Holders, to receive security or indemnity satisfactory to it against all costs, expenses and liabilities which might be incurred in compliance therewith, and all rights that may be available to it under applicable law or otherwise.

 

Holders with questions regarding this notice should direct their inquiries, in writing, to: Adam Altman, U.S. Bank National Association, Global Corporate Trust Services, 190 S. LaSalle Street, 8th Floor, Chicago, IL 60603, telephone (312) 332-7371, or via email at [email protected]

 

U.S. BANK NATIONAL ASSOCIATION,                                   September 29, 2017

 




SCHEDULE A

 

Great Lakes CLO 2012-1, Ltd.

c/o Deutsche Bank (Cayman) Limited

Boundary Hall, Cricket Square

P.O. Box 1984

Grand Cayman KY1-1104

Cayman Islands

Attention: Directors - Great Lakes CLO 2012-1, Ltd.

Telephone: +1 (345) 949- 8244

Facsimile: +1 (345) 949-5223

Email: [email protected]

 

Great Lakes CLO 2012-1, LLC

Deutsche International Corporate Services (Delaware) LLC

1011 Centre Road, Suite 200

Wilmington, Delaware 29805

Telephone: +1 (302) 636- 3301

Facsimile: (302) 636-3399

Email: [email protected]

 

BMO Asset Management Corp.

115 South LaSalle Street, 11th Floor

Chicago, Illinois 60603

Attention: Peter J. Arts, Managing Director

Facsimile: (312) 765-1037

 

Moody's Investors Service, Inc.

7 World Trade Center

250 Greenwich Street

New York, New York 10007

Attention: CBO/CLO Monitoring

Email: [email protected]

 

S&P Global Ratings

55 Water Street, 41st Floor

New York, New York 10041-0003

Attention: CBO/CLO Surveillance

Email: [email protected]

 

Maples and Calder, as listing agent

75 St. Stephen's Green

Dublin 2, Ireland

Telephone: +353-1-619-2000

Facsimile: +353-1-619-2001

Email: [email protected]

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 



[1]  The CUSIP/ISIN numbers appearing herein are included solely for the convenience of the Holders. The Trustee is not responsible for the selection or use of CUSIP/ISIN numbers, or for the accuracy or correctness of CUSIP/ISIN numbers printed on any Notes or as indicated in this notice.

[2] With respect to the Redemption of the Subordinated Notes, the Redemption Price of the Subordinated Notes is an amount equal to any remaining Interest Proceeds and Principal Proceeds payable under the Priority of Payments on such Redemption Date for the Subordinated Notes.


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