Cutwater 2014-II subordinated noteholders explore possible redemption

By Tali Rackner

Norfolk, Va., Feb. 8– Cutwater 2014-II, Ltd., as issuer, and Cutwater 2014-II, LLC, as co-issuer, said a majority of its class A subordinated noteholders is exploring a possible redemption of five classes of secured notes due in 2027, according to a filing with the London Stock Exchange.

The following notes are affected:

• $258.1 million of class A-1 senior secured floating-rate notes;

• $38.8 million of class A-2 senior secured floating-rate notes;

• $25.6 million of class B senior secured deferrable floating-rate notes;

• $23.3 million of class C senior secured deferrable floating-rate notes; and

• $22.8 million of class D secured deferrable floating-rate notes.

U.S. Bank NA is the trustee.

Cutwater Investor Services is an investment management firm based in New York City.

© 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.