Madison Park Funding VII to fully redeem secured, subordinated notes

By Tali Rackner

Norfolk, Va., Dec. 23 – Madison Park Funding VII, Ltd./Madison Park Funding VII, LLC said a majority of its subordinated noteholders and preferred shareholders directed it to redeem five classes of secured notes and its subordinated notes, according to a filing with the London Stock Exchange.

The notes will be redeemed at par plus accrued interest on Jan. 23, for the following total amounts:

• $181,682,528.84 of class A-R notes;

• $48,877,817.67 of class B-R notes;

• $27,755,934.85 of class C-R notes;

• $20,492,207.99 of class D-R notes; and

• $19,299,298.55 of class E notes.

For the subordinated notes, the redemption price will be the respective proportional share of the amount of the proceeds of the assets remaining after giving effect to the redemption of the secured notes and full payment of all expenses.

Wells Fargo Bank, NA is the trustee.

Questions may be directed to Wells Fargo (Attn: Jay Kwan at 713 243-4164 or jay.kwan@wellsfargo.com.)

Credit Suisse Asset Management, LLC is the portfolio manager.

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