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CIFC Funding 2014-III to redeem secured notes on or after July 23
By Marisa Wong
Morgantown, W.Va., July 3 – CIFC Funding 2014-III, Ltd. and CIFC Funding 2014-III, LLC said a majority of their subordinated noteholders have directed a refinancing of their secured notes on a date on or after July 23.
The optional redemption applies to the issuers’ class A-R, B-1-R, B-2-R, C-1-R, C-2-R, D-R and E notes.
Proposed supplemental indentures to those notes will be effected on a date after July 23, according to a notice.
The Bank of New York Mellon Trust Co., NA is the trustee.
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