Elevation CLO 2013-1 directed to redeem all classes of secured notes

By Wendy Van Sickle

Columbus, Ohio, July 2 – Elevation CLO 2013-1, Ltd. and Elevation CLO 2013-1, LLC received direction from holders of a majority of their subordinated notes to effect a redemption of each class of secured notes from refinancing proceeds and/or other available funds, according to a notice.

The redemption would occur on or after Aug. 15.

The secured notes include the class A-1-R, A-2-R, B-R, C-R and D-R notes.

Holders who are interested in discussing the potential refinancing may contact Goldman Sachs & Co. LLC at gs-clo-desk-ny@gs.com.

Wells Fargo Bank, NA is the trustee.

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