Flatiron CLO 2015-1 manager, holders mull redemption of rated notes

By Sarah Lizee

Olympia, Wash., July 3 – Flatiron CLO 2015-1 Ltd./Flatiron CLO 2015-1 LLC said its collateral manager and holders of a majority of its subordinated notes are considering an optional redemption of all classes of rated notes.

The notes would be redeemed using refinancing proceeds, according to a notice.

They are also proposing some amendments to the indenture to modify the reinvestment period and stated maturity.

Holders of the class A-R, B-R, C-R, D, E and F notes, as well as the subordinated notes and reinvesting holder notes, were notified.

Bank of New York Mellon Trust Co., NA is the trustee.

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