Elevation CLO 2014-2 set to redeem all secured notes via refinancing

By Wendy Van Sickle

Columbus, Ohio, Oct. 5 – Elevation CLO 2014-2, Ltd./Elevation CLO 2014-2, Corp., formerly Arrowpoint CLO 2014-2, Ltd., has been directed by holders of a majority of its subordinated notes to redeem all classes of its secured notes by a refinancing, according to a notice from trustee Wells Fargo Bank, NA.

The following notes will be redeemed on Oct. 19 at the redemption prices listed, which include the outstanding principal amount and accrued interest:

• $250,722,098.68 for the class A-1L notes;

• $25,090,701.39 for the class A-1F notes;

• $54,183,723.32 for the class B notes;

• $33,137,712.86 for the class C notes;

• $24,123,588.14 for the class D notes;

• $21,130,154.62 for the class E notes; and

• $7,552,496.29 for the class F notes.

The subordinated notes will not be redeemed on the redemption date.

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