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Cedar Funding V CLO holders contemplate redemption of secured notes
By Sarah Lizee
Olympia, Wash., May 2 – Cedar Funding V CLO, Ltd./Cedar Funding V CLO, LLC said that some holders or beneficial owners of its subordinated notes have entered into discussions relating to a potential redemption of all or any classes of secured notes.
If directed, the notes would be redeemed using proceeds from an issue of replacement notes, according to a notice.
Holders of the class A-1, A-F, B-1, B-F, C, D and E notes, as well as the subordinated notes, were notified.
Citibank, NA is the trustee.
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