Callidus Debt Partners to redeem series A, B and C floaters due 2015

By Ashley Montgomery

Kansas City, Kan., Aug. 1 - Callidus Debt Partners CLO Fund II, Ltd. and Callidus Debt Partners CLO Fund II, Inc. announced that the holders of the companies' preferred shares have directed them to redeem the outstanding amounts of four senior secured floating-rate note series due 2015.

The notes will be redeemed on Aug. 15 at par plus accrued interest to the redemption date.

Affected are $15,812,185.61 of class A notes, $13.5 million of class B deferrable notes, $12,007,018.22 of class C-1 notes and $11,233,093.33 of class C-2 notes.

Following the redemption, the company said it may have amounts available to distribute to preferred share holders. In the event of availability, the company may require the surrender of the preferred shares at a later date.

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