Mill Creek subordinated holders call off redemption of secured notes

By Wendy Van Sickle

Columbus, Ohio, Jan. 8 – Mill Creek CLO, Ltd. will not redeem its outstanding secured notes on Jan. 20 after holders of a majority of the issuer’s subordinated notes submitted a written withdrawal of the redemption, according to a London Stock Exchange notice.

The issuer had announced on Jan. 5 that it would redeem the secured notes at par plus accrued interest at the subordinated noteholders’ election.

Mill Creek CLO, LLC is a co-issuer of the notes. Wells Fargo 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.