Figueroa CLO 2014-1 to redeem six classes of secured notes on July 16

By Marisa Wong

Morgantown, W.Va., July 2 – Figueroa CLO 2014-1, Ltd./Figueroa CLO 2014-1, LLC received direction from a majority of its subordinated noteholders to redeem six classes of secured notes, according to a notice.

The following will be redeemed on July 16 at par plus accrued interest:

• $256 million of class A notes;

• $40 million of class B notes;

• $26 million of class C notes;

• $23.5 million of class D notes;

• $22.5 million of class E notes; and

• $8 million of class F notes.

U.S. Bank NA is the trustee.

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