KVK CLO 2014-2 directed to redeem five classes of notes on Nov. 15

By Sarah Lizee

Olympia, Wash., Oct. 25 – KVK CLO 2014-2 Ltd./KVK CLO 2014-2 LLC received direction from holders of a majority of its subordinated notes to redeem its rated notes in whole from sale proceeds, according to a notice.

The following will be redeemed on Nov. 15 at par plus accrued interest to the redemption date:

• $229,802,754.96 of class A-R notes for a redemption price of $230,518,371.02;

• $67.5 million of class B-R notes for a redemption price of $67,737,516.77;

• $50 million of class C-R notes for a redemption price of $50,214,688.35;

• $32 million of class D notes for a redemption price of $32,170,467.21; and

• $28 million of class E notes for a redemption price of $28,173,269.92.

Wells Fargo Bank, NA is the trustee.

Chicago-based THL Credit Advisors LLC is the collateral manager.

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