Madison Park Funding X, Ltd. to redeem secured notes Oct. 27

By Wendy Van Sickle

Columbus, Ohio, Oct. 12 – Madison Park Funding X, Ltd. called its secured notes for redemption on Oct. 27 at the direction of its subordinated noteholders, according to a notice.

The class A-1a, A-1b, A-2, B-1 B-2, C, D and E notes will be redeemed at 100% of the outstanding amount plus accrued interest to the redemption date.

Wells Fargo Bank, NA is the trustee and paying agent.

Madison Park Funding X, LLC is a co-issuer of the notes.

The subordinated notes will not be redeemed on the redemption date, but the issuer is soliciting consents from holders of the subordinated notes in relation to a proposed refinancing of the notes. The proposed supplemental indenture the issuer wishes to effect requires written consent of 100% of the holders of subordinated notes.

The issuer is soliciting consents until 5 p.m. ET on Oct. 18.

Completed consents and questions should be directed to Maire Farrell at Wells Fargo (410 884-6439, by e-mail at maire.farrell@wellsfargo.com).

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