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Northwoods pulls call for class D notes; other three series unaffected
By Susanna Moon
Chicago, Feb. 7 – Northwoods Capital XIV, Ltd. as issuer and Northwoods Capital XIV, LLC as co-issuer withdrew the redemption notice for its class D notes.
As announced Jan. 30, the issuers issued a redemption notice to holders of its class A notes, class B notes, class C notes and class D notes.
The redemption plans for the other series of notes remain in effect, according to a notice.
Under the notes indenture, holders of a majority of the subordinated notes directed the issuer to redeem the four series of notes by issuing refinancing notes, according to a previous notice.
The notes will be redeemed at par plus accrued interest on Feb. 13 as follows:
• $317,998,589.93 for the class A notes;
• $58,492,915.35 for the class B notes; and
• $41,440,678.77 for the class C notes.
The record date is Jan. 29.
U.S. Bank NA (714 212-3707 or leslie.hundley@usbank.com) is the trustee.
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