Palmer Square Loan Funding 2017-1 directed to redeem secured notes

By Sarah Lizee

Olympia, Wash., Feb. 3 – Palmer Square Loan Funding 2017-1, Ltd./Palmer Square Loan Funding 2017-1, LLC received direction from holders of a majority of its subordinated notes to redeem its secured notes in whole from sales proceeds.

The $59,489,918 of class A-1 notes (Cusips: 69700AAA3, G69065AA1), the $32.6 million of class A-2 notes (Cusips: 69700AAC9, G69065AB9), the $19.98 million of class B notes (Cusips: 69700AAE5, G69065AC7), the $13.2 million of class C notes (Cusips: 69700AAG0, G69065AD5) and the $10.5 million of class D notes (Cusips: 69700BAA1, G6906RAA3) will be redeemed on Feb. 14 at par plus accrued interest.

The subordinated notes will remain outstanding.

Citibank, NA is the trustee.

Mission Woods, Kan.-based Palmer Square Capital Management LLC is the servicer.

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