Barclays is looking to buy up notes in ACA CLO 2005-1, a CLO managed by Apidos Capital Management, in an apparent effort to exercise the deal’s call option.

The bank has released an offer sheet, giving noteholders a deadline of Feb. 17 at 5 p.m. EST to respond. To move things along, Barclays has also assigned an early tender premium to the equity notes. If existing equity holders accept the bank’s offer by Feb. 2, the tender price will be 70 cents, compared with 63 cents after this date.

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