Halcyon begins consent solicitation for eight series of notes

By Toni Weeks

San Luis Obispo, Calif., Nov. 17 – Halcyon Loan Advisors Funding 2013-2 Ltd. and co-issuer Halcyon Loan Advisors Funding 2013-2 LLC announced a consent solicitation for eight series of their notes to change or add several definitions in the July 11, 2013 indenture governing the notes.

The applicable notes series include the companies’ class A notes, class B-1 notes, class B-2 notes, class C notes, class D notes, class E notes, subordinated notes and certificated subordinated notes.

The issuers want to amend the indenture to add the definitions of permitted securities condition, banking entity and Volcker Rule. They also want to amend the definitions of collateral obligation, concentration limitations, eligible investments, participation interest and S&P recovery rating.

Noteholders of record as of Nov. 14 are asked to submit consents by 5 p.m. ET on Dec. 8. Consents may be revoked prior to that time.

The issuers need to receive consent of a majority of each note class to approve the proposed amendments.

Questions can be directed to Matthew Massier at U.S. Bank NA (312 332-7314).

The firms are subsidiaries of Halcyon Loan Advisors LP.

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