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Prospect News home > News index > List of issuers Tenders > Headlines for 2017 > News item
Published on 3/28/2017 in the Prospect News CLO Daily and Prospect News Liability Management Daily.

Magnetite XI directed to redeem five classes of notes via refinancing

By Tali Rackner

Norfolk, Va., March 28 – Magnetite XI, Ltd./ Magnetite XI, LLC received written direction from a majority of its subordinated noteholders to fully redeem five classes of secured notes through a refinancing, according to a notice.

Magnetite will redeem its class A-1, A-2, B, C and D notes on April 18.

Citibank, NA is the trustee.

New York City-based BlackRock Financial Management, Inc. originally priced the notes in December 2014.


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