Source - RNS
RNS Number : 0831K
Madison Park Funding XIII LTD/LLC
06 April 2018
 


Corporate Trust Services

9062 Old Annapolis Road

Columbia, MD 21045-1951

MAC: R1204-010


 

NOTICE OF optional redemption by Refinancing

 

MADISON PARK FUNDING XIII, LTD.

MADISON PARK FUNDING XIII, LLC

 

April 5, 2018

To:       The Parties Listed on Schedule I hereto.

Ladies and Gentlemen:

 

Reference is made to that certain Indenture dated as of February 27, 2014 (as amended, modified or supplemented, the "Indenture") among Madison Park Funding XIII, Ltd., as Issuer (the "Issuer"), Madison Park Funding XIII, LLC, as Co-Issuer (the "Co Issuer," and together with the Issuer, the "Co-Issuers"), and Wells Fargo Bank, N.A., as trustee (the "Trustee").  Capitalized terms used herein without definition shall have the meanings 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 by Refinancing.

 

            Pursuant to Section 9.2(a) of the Indenture, a Majority of the Subordinated Notes directed the Co-Issuers to redeem the Class A-R Notes, Class B-1-R Notes, Class B-2-R Notes, Class C-R Notes, Class D-R Notes, Class E Notes and Class F Notes (the "Refinanced Notes"), in whole but not in part, from Refinancing Proceeds.  In accordance with Section 9.4 of the Indenture and at the direction of the Issuer, the Trustee hereby provides notice of the following information relating to the Optional Redemption by Refinancing:

 

            All of the Refinanced Notes will be redeemed in full, and interest on such Refinanced Notes shall cease to accrue on the Redemption Date.

            The Redemption Date will be April 19, 2018.

            The Redemption Price of the Refinanced Notes shall be:

            for the Class A-R Notes - U.S. $452,691,694.80 (an amount equal to 100% of the Aggregate Outstanding Amount thereof plus accrued and unpaid interest thereon, to the Redemption Date);

            for the Class B-1-R Notes - U.S. $71,835,885.19  (an amount equal to 100% of the Aggregate Outstanding Amount thereof plus accrued and unpaid interest thereon, to the Redemption Date);

            for the Class B-2-R Notes - U.S. $28,987,187.50  (an amount equal to 100% of the Aggregate Outstanding Amount thereof plus accrued and unpaid interest thereon, to the Redemption Date);

            for the Class C-R Notes - U.S. $33,068,426.61  (an amount equal to 100% of the Aggregate Outstanding Amount thereof plus accrued and unpaid interest thereon, to the Redemption Date);

            for the Class D-R Notes - U.S. $45,816,663.49  (an amount equal to 100% of the Aggregate Outstanding Amount thereof plus accrued and unpaid interest thereon, to the Redemption Date);

            for the Class E Notes - U.S. $38,640,222.10 (an amount equal to 100% of the Aggregate Outstanding Amount thereof plus accrued and unpaid interest thereon, to the Redemption Date); and

            for the Class F Notes - U.S. $17,577,283.39  (an amount equal to 100% of the Aggregate Outstanding Amount thereof plus accrued and unpaid interest thereon, to the Redemption Date).

            The Co-Issuers and the Required Subordinated Notes Percentage will have the option to direct the withdrawal of the notice of redemption up to and including the day that is one Business Day prior to the proposed Redemption Date, subject to the satisfaction of any additional conditions set forth in the Indenture.

            Payment of the Redemption Price on the Refinanced 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

MAC N9300-070

600 South Fourth Street

Minneapolis, MN 55479

By Registered or Certified Mail:

Wells Fargo Bank, N.A.

Corporate Trust Operations

MAC N9300-070

P.O. Box 1517

Minneapolis, MN 55480-1517

 

 

            IMPORTANT INFORMATION REGARDING TAX CERTIFICATION AND POTENTIAL WITHHOLDING: Pursuant to U.S. federal tax laws, you have a duty to provide the applicable type of tax certification form issued by the U.S. Internal Revenue Service ("IRS") to Wells Fargo Bank, N.A. Corporate Trust Services to ensure payments are reported accurately to you and to the IRS.  In order to permit accurate withholding (or to prevent withholding), a complete and valid tax certification form must be received by Wells Fargo Bank, N.A. Corporate Trust Services before payment of the redemption proceeds is made to you. Failure to timely provide a valid tax certification form as required will result in the maximum amount of U.S. withholding tax being deducted from any redemption payment that is made to you.

 

            All questions should be directed to the attention of Baris Akkaya by telephone at (713) 243-4169, by e-mail at [email protected], by facsimile at (713) 243-4169, or by mail addressed to Wells Fargo Bank, National Association, Collateralized Debt Obligations, Attn.: Baris Akkaya, MAC T0149-051, 12200 Northwest Freeway, 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 does not make recommendations or give investment advice herein or as to the Notes generally. 

 

 

                                                                                    WELLS FARGO BANK, N.A., as Trustee



 

Schedule I

 

Addressees

 

Holders of Notes:* 

 


CUSIP* (Rule 144A)

CUSIP* (Reg S)

ISIN* (Rule 144A)

ISIN* (Reg S)

Common Code* (144A)

Common Code* (Reg S)

Class A-R Notes

55818MAN7

G5747RAG5

US55818MAN74

USG5747RAG59

N/A

157467816

Class B-1-R Notes

55818MAQ0

G5747RAH3

US55818MAQ06

USG5747RAH33

N/A

157467956

Class B-2-R Notes

55818MAS6

G5747RAJ9

US55818MAS61

USG5747RAJ98

N/A

157468014

Class C-R Notes

55818MAU1

G5747RAK6

US55818MAU18

USG5747RAK61

N/A

157468103

Class D-R Notes

55818MAW7

G5747RAL4

US55818MAW73

USG5747RAL45

N/A

157468138

Class E Notes

55818NAA3

G5748GAA1

US55818NAA37

USG5748GAA16

103088879

103088895

Class F Notes

55818NAC9

G5748GAB9

US55818NAC92

USG5748GAB98

103088887

103088909

Subordinated Notes

55818NAE5

G5748GAC7

US55818NAE58

USG5748GAC71

103088925

103088917

 

 

Issuer:

Madison Park Funding XIII, Ltd.

c/o Estera Trust (Cayman) Limited

Clifton House,

75 Fort Street, P.O. Box 1350

Grand Cayman KY1-1108

Cayman Islands

Attn: The Directors                  

 

With a copy to:

Appleby (Cayman) Ltd.

Clifton House,

75 Fort Street, P.O. Box 190

Grand Cayman KY1-1104

Cayman Islands

Attn: Madison Park Funding XIII                     

 

 

 

 

Co-Issuer:      

Madison Park Funding XIII, LLC

c/o Puglisi & Associates

850 Library Avenue, Suite 204

Newark, Delaware 19711

Attention: Donald J. Puglisi

[email protected]

 

Portfolio Manager:    

Credit Suisse Asset Management, LLC

One Madison Avenue

New York, New York 10010

[email protected]; [email protected]

 

Rating Agencies:

Moody's Investors Service, Inc.

[email protected]

 

Fitch Ratings, Inc.

[email protected]

 

Irish Stock Exchange:

28 Anglesea Street

Dublin 2, Ireland

 

Collateral Administrator/Information Agent:

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

 

Irish Listing Agent

McCann FitzGerald Listing Services Limited

Riverside One

Sir John Rogerson's Quay

Dublin 2, Ireland

 

 

 

 

 

 

 

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 

 



*  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. 


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