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CIFC Funding 2014 to redeem seven classes of notes via refinancing
By Tali Rackner
Minneapolis, Dec. 28 – CIFC Funding 2014, Ltd./CIFC Funding 2014, LLC plans to redeem seven classes of notes as part of a refinancing, according to a notice.
The notes will be redeemed on Jan. 18 at par plus accrued interest for the following total redemption prices:
• $374,536,833.91 of class A-R notes;
• $53,148,200.78 of class B-1-R notes;
• $20,150,976.60 of class B-2-R notes;
• $47,937,472.20 of class C-R notes;
• $32,123,554.52 of class D notes;
• $30,448,798.23 of class E notes; and
• $14,490,491.66 of class F notes.
As part of the refinancing, CIFC Funding 2014 intends to issue new class X, A-1-R2, A-2-R2, B-R2, C-R2, D-R2, E-R2 and F-R2 notes.
U.S. Bank NA is the trustee.
New York City-based CIFC Asset Management LLC is the collateral manager.
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