Highlander Euro holders exercise put option on class F-1, F-2 notes

By Tali David

Minneapolis, Dec. 10 - Highlander Euro CDO IV BV said noteholders exercised their put option on the company's €10.65 million of class F-1 and €60.35 million of class F-2 subordinated notes due 2016, according to a filing with the Irish Stock Exchange.

The notes will be redeemed in full on Dec. 15.

State Street Bank and Trust Co. is the trustee.

Highlander Euro CDO IV is a cash flow collateralized loan obligation transaction that securitizes loans to primarily speculative-grade corporate firms. The transaction closed in June 2008 and was originally managed by Highland Capital Management (Europe) Ltd. CELF Advisors LLP has managed it since Feb. 28, 2012.

© 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.