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Madison Park Funding XVI proposes $491.28 million note refinancing
By Tali Rackner
Norfolk, Va., Dec. 2 – Madison Park Funding XVI, Ltd./Madison Park Funding XVI, LLC intends to refinance its class A-1, A-2 and B notes by issuing new notes, according to a notice from trustee Wells Fargo Bank, NA.
Madison Park plans to issue $367,275,000 of class A-1-R senior secured floating-rate notes to replace the existing class A-1 notes, $75 million of class A-2-R senior secured floating-rate notes to replace the class A-2 notes and $49 million of class B-R senior secured deferrable floating-rate notes to replace the class B notes.
All notes mature in April 2026 and will bear interest at Libor plus an applicable spread.
Deutsche Bank Securities Inc. is the underwriter.
Questions may be directed to Wells Fargo (Attn: Cheryl Bohn at 410 884-2097 or Cheryl.bohn@wellsfargo.com).
Credit Suisse Asset Management, LLC is the portfolio manager.
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