Steele Creek CLO 2014-1 to redeem seven classes of secured notes

By Tali Rackner

Minneapolis, Feb. 8 – Steele Creek CLO 2014-1, Ltd./Steele Creek CLO 2014-1, LLC received direction from a majority of its subordinated noteholders to redeem seven classes of secured notes, according to a notice from trustee U.S. Bank NA.

The notes will be redeemed in full at par plus accrued interest on Feb. 21 for the following total redemption prices:

• $215,313,832.52 for the class A-1-R notes;

• $40,283,224.04 for the class A-2-R notes;

• $46,588,518.44 for the class B-R notes;

• $24,244,761.09 for the class C-R notes;

• $25,309,265.03 for the class D-R notes;

• $7,110,744.21 for the class E-1-R notes; and

• $12,758,451.96 for the class E-2 notes.

Charlotte, N.C.-based Steele Creek Investment Management LLC is the collateral manager.

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