Figueroa CLO 2014-1 holders explore possible secured note redemption

By Sarah Lizee

Olympia, Wash., May 23 – Figueroa CLO 2014-1, Ltd./Figueroa CLO 2014-1, LLC said a majority of its subordinated noteholders are exploring a possible redemption by refinancing of all classes of its secured notes, according to a notice.

The following are affected:

• $256 million of class A senior secured floating-rate notes due 2027;

• $40 million of class B senior secured floating-rate notes due 2027;

• $26 million of class C senior secured deferrable floating-rate notes due 2027;

• $23.5 million of class D senior secured deferrable floating-rate notes due 2027;

• $22.5 million of class E secured deferrable floating-rate notes due 2027;

• $8 million of class F secured deferrable floating-rate notes due 2027; and

• $37,057,000 subordinated notes due 2027.

U.S. Bank NA is the trustee.

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