Madison Park Funding XIV to redeem secured notes at par on Oct. 22

By Susanna Moon

Chicago, Oct. 8 – Madison Park Funding XIV, Ltd./Madison Park Funding XIV, LLC will redeem all of the secured notes on Oct. 22, according to a notice.

The issuer said on May 11 that it had received written direction from holders of subordinated notes to redeem the secured notes via a refinancing on or before Oct. 22.

Holders of the class A-1-R, A-2-R, B-R, C-1-R, C-2-R, D-R, E and F notes and the subordinated notes were notified at the time.

The subordinated notes will not be redeemed, according to a notice.

The redemption price will be par plus accrued interest to the redemption date, as follows:

• $413,712,151.39 for the class A-1-R notes;

• $211,901,345.83 for the class A-2-R notes;

• $136,373,868.75 for the class B-R notes;

• $45,516,706.25 for the class C-1-R notes;

• $7,586,117.71 for the class C-2-R notes;

• $60,876,941.67 for the class D-R notes;

• $53,982,215.14 for the class E notes; and

• $7,141,607.08 for the class F notes.

Wells Fargo Bank, NA is the trustee.

Credit Suisse Asset Management, LLP is the portfolio manager.

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