Northwoods Capital plans redemption for eight series of securities

By Tali David

Minneapolis, April 22 - Northwoods Capital IV, Ltd. and Northwoods Capital IV, Inc. called eight series of its securities for redemption, according to a filing with the London Stock Exchange. The redemptions will occur May 3.

For six of the series, the notes will be redeemed at par, and their redemption totals, including accrued interest, are as follows:

• $132,924,774.43 of class A-1a notes due May 3, 2018;

• $38,343,684.93 of class A-1b notes due May 3, 2018;

• $32,081,976.89 of class A-2 notes due May 3, 2018;

• $38,143,792 of class B notes due May 3, 2018;

• $16,616,886 of class C-1 notes due May 3, 2018; and

• $8,644,415 of class C-2 notes due May 3, 2018.

In addition, $8 million principal amount of class C-3 notes due May 3, 2018 will be redeemed at 93.491 for a redemption amount of $7,479,280.

Finally, the companies will also redeem subordinated interests due May 3, 2018. In this case, the redemption amount will be equal to the amount of proceeds of the assets, including proceeds created when the lien of the indenture is released, that remain after the notes are redeemed and all expenses of the co-issuers, including administrative expenses, are paid in full.

The Bank of New York Mellon Trust Co., NA is the trustee.

The companies primarily acquire collateral obligations and issue securities and are based in George Town, Grand Cayman, Cayman Islands.

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