Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
The following replaces the 'Notice of Optional Redemption' announcement released on 1st September 2016 at 8.14 RNS number 6626I. The announcement was released under the incorrect company name of Madison Park Funding VIII Ltd/LLC and should have been released under Madison Park Funding VII Ltd. All other information remains unchanged.
MADISON PARK FUNDING VII, LTD.
NOTICE OF OPTIONAL REDEMPTION
To: The Parties Listed on Schedule I hereto.
Reference is made to that certain Indenture dated as of May 18, 2011 (as amended, modified or supplemented, the "Indenture") among MADISON PARK FUNDING VII, LTD., as Issuer (the "Issuer"), MADISON PARK FUNDING VII, LLC, as Co-Issuer (the "Co-Issuer") and WELLS FARGO BANK, N.A., as Trustee (the "Trustee"). Capitalized terms used herein without definition shall have the meaning given to such terms in the Indenture.
I. Notice to Nominees and Custodians.
If you act as or hold Notes as a nominee or custodian for or on behalf of other persons, please transmit this notice immediately to the beneficial owner of such Notes or such other representative who is authorized to take actions. Your failure to act promptly in compliance with this paragraph may impair the chance of the beneficial owners on whose behalf you act to take any appropriate actions concerning the matters described in this notice.
II. Notice of Optional Redemption.
Pursuant to Section 9.2(a) of the Indenture, Holders of a Majority of the Subordinated Notes directed the Co-Issuers to redeem the Notes in whole. In accordance with Section 9.4 of the Indenture, the Trustee hereby provides notice of the following information relating to the Optional Redemption:
All of the Notes are to be redeemed in full, and interest on the Secured Notes shall cease to accrue on the Redemption Date. The amount payable in respect of the redeemed Notes will be limited to applicable Redemption Prices.
The Redemption Date will be September 15, 2016.
The Redemption Price of the Notes to be redeemed shall be as follows:
with respect to the Class A Notes, $184,145,979.64, an amount equal to 100% of the Aggregate Outstanding Amount thereof plus accrued and unpaid interest thereon, to the Redemption Date;
with respect to the Class B Notes, $37,739,822.92, an amount equal to 100% of the Aggregate Outstanding Amount thereof plus accrued and unpaid interest thereon, to the Redemption Date;
with respect to the Class C Notes, $36,308,430.00, an amount equal to 100% of the Aggregate Outstanding Amount thereof plus accrued and unpaid interest thereon, to the Redemption Date;
with respect to the Class D Notes, $22,236,273.89, an amount equal to 100% of the Aggregate Outstanding Amount thereof plus accrued and unpaid interest thereon, to the Redemption Date;
with respect to the Class E Notes, $18,232,415.00, an amount equal to 100% of the Aggregate Outstanding Amount thereof plus accrued and unpaid interest thereon, to the Redemption Date; and
with respect to each Subordinated Note, its proportional share (based on the Aggregate Outstanding Amount of such Subordinated Notes) of the amount of the proceeds of the Assets (including proceeds created when the lien of the Indenture is released) remaining after giving effect to the redemption of the Secured Notes in full and payment in full of (and/or creation of a reserve for) all expenses of the Co-Issuers.
The Optional Redemption is subject to the satisfaction of certain conditions in the Indenture, and it may be cancelled upon the occurrence of certain conditions, as provided in the Indenture.
Payment of the Redemption Price on the Notes to be redeemed will be made only upon presentation and surrender of such Notes at the offices of the Trustee. To surrender Notes, please present and surrender the Notes to one of the following places by one of the following methods:
By Mail or Courier Service:
Wells Fargo Bank, N.A.
Corporate Trust Operations
600 South Fourth Street
Minneapolis, MN 55479
By Registered or Certified Mail:
Wells Fargo Bank, N.A.
Corporate Trust Operations
P.O. Box 1517
Minneapolis, MN 55480-1517
Under the provisions of the Tax Equity and Fiscal Responsibility Act of 1982, as amended in 1992, 2001 and most recently, the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "Act"), the Paying Agent making payment of interest or principal on securities may be obligated to withhold a percentage of the principal of a holder who has failed to furnish the Registrar with a valid taxpayer identification number, certification that the number supplied is correct, and that the holder is not subject to backup withholding under the Act. Holders of the Notes who wish to avoid the application of these provisions should submit either a completed IRS (Internal Revenue Service) form W-9 (use only if the holder is a U.S. person, including a resident alien), or the appropriate form W-8 (use only if you are neither a U.S. person or a resident alien), when presenting the Notes for payment. See IRS Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities. Publication 515, W-8 forms and W-9 forms and instructions are available through the IRS via their web site at www.irs.gov.
Any questions may be directed to the attention of Lek Chobuathong by telephone at 713-243-4067, by e-mail at [email protected], by facsimile at 713-243-4143 or by mail addressed to Wells Fargo Bank, National Association, Corporate Trust Department, Attn.: Lek Chobuathong, 12200 Northwest Freeway, Suite 500, 5th Floor, Houston, TX 77092. The Trustee may conclude that a specific response to particular inquiries from individual Holders is not consistent with equal and full dissemination of material information to all Holders. Holders of Notes should not rely on the Trustee as their sole source of information. The Trustee makes no recommendations and gives no investment advice herein or as to the Notes generally.
Dated: August 31, 2016
WELLS FARGO BANK, N.A., as Trustee
Holders of Notes:* 55818CAA7, 55818CAB5, 55818CAC3, 55818CAD1, 55818CAE9, 55818EAA3, G57429AA3
Madison Park Funding VII, Ltd.
c/o Estera Trust (Cayman) Limited
Clifton House, 75 Fort Street
George Town, Grand Cayman
KY1-1108, Cayman Islands
Attn: The Directors
Madison Park Funding VII, LLC
c/o Puglisi & Associates
850 Library Avenue, Suite 204
Newark, Delaware 19711
Attn: Donald J. Puglisi
Credit Suisse Asset Management, LLC
Eleven Madison Avenue
New York, New York 10010
Attn: John G. Popp
Moody's Investors Service, Inc.
Standard & Poor's Rating Services
Irish Listing Agent:
McCann FitzGerald Listing Services Limited
Riverside One, Sir John Rogerson's Quay
Dublin 2, Ireland
Irish Stock Exchange:
28 Anglesea Street
Dublin 2, Ireland
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange
* The Trustee shall not be responsible for the use of the CUSIP, CINS, ISIN or Common Code numbers selected, nor is any representation made as to their correctness indicated in the notice or as printed on any Note. The numbers are included solely for the convenience of the Holders.
This information is provided by RNS