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BFNS 2017-1 withdraws optional call on four classes of notes
By Marisa Wong
Los Angeles, March 23 – BFNS 2017-1/BFNS 2017-1 LLC notified its noteholders, preferred shareholders and the collateral manager that it has withdrawn the direction to redeem its class A, B, C and D notes.
BFNS had issued a redemption notice for the four classes of notes on March 17, as previously reported.
The following were to be redeemed on March 27 at par plus accrued interest:
• $104.25 million of class A notes (Cusips: 05492AAC5, G10824AB9) for a redemption price of $104,943,957.50;
• $3.25 million of class B notes (Cusips: 05492AAG6, G10824AD5) for a redemption price of $3,276,270.83;
• $13.25 million of class C notes (Cusips: 05492AAE1, G10824AC7) for a redemption price of $13,379,055; and
• $9.5 million of class D notes (Cusip: 05492BAA7) for a redemption price of $9,622,613.33.
U.S. Bank NA is the trustee.
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