Madison Park Funding XXIV sets redemption prices for secured notes

By Sarah Lizee

Olympia, Wash., Aug. 2 – Madison Park Funding XXIV, Ltd./Madison Park Funding XXIV, LLC set the redemption prices for its secured notes set to be redeemed on Aug. 15.

As previously reported, the issuer received written direction from holders of the required amount of its subordinated notes to redeem one or more classes of its secured notes from refinancing proceeds on or before Sept. 30.

The notes will be redeemed at par plus accrued interest for the following redemption prices:

• $466,143,165.30 for the class A notes;

• $102,778,638.05 for the class B notes;

• $37,621,940.75 for the class C-1 notes;

• $19,055,474.72 for the class C-2 notes;

• $31,628,680.23 for the class D notes; and

• $36,226,263.12 for the class E notes.

The subordinated notes will not be redeemed.

U.S. Bank NA is the trustee.

New York-based Credit Suisse Asset Management, LLP is the collateral manager.

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