Figueroa CLO 2013-2 manager, holders direct secured note redemption

By Sarah Lizee

Olympia, Wash., May 25 – Figueroa CLO 2013-2, Ltd./Figueroa CLO 2013-2, LLC received direction from its collateral manager and a majority of its subordinated noteholders to redeem all of its secured notes, according to a notice.

The following will be redeemed:

• $245 million of class A-1R senior secured floating-rate notes due 2027;

• $2 million of class X-R amortizing senior secured floating-rate notes due 2027;

• $48 million of class A-2R senior secured floating-rate notes due 2027;

• $25.5 million of class B-R senior secured deferrable floating-rate notes due 2027;

• $20.5 million of class C-R senior secured deferrable floating-rate notes due 2027; and

• $18 million of class D-R secured deferrable floating-rate notes due 2027.

Bank of New York Mellon Trust Co., NA is the trustee.

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