Telos CLO 2014-5 holders, manager explore potential note redemption

By Sarah Lizee

Olympia, Wash., March 16 – Telos CLO 2014-5, Ltd./Telos CLO 2014-5, LLC said some holders or beneficial owners of its subordinated notes and its collateral servicer have entered into discussions relating to a potential redemption of all or any classes of its secured notes, according to a notice.

If directed, the notes would be redeemed using refinancing proceeds.

Holders of the class A, B-1, B-2, C, D, E, and F notes and the subordinated notes were notified.

U.S. Bank NA is the trustee.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.