Regatta III Funding holders mull redemption of secured notes due 2026

By Sarah Lizee

Olympia, Wash., May 29 – Regatta III Funding Ltd./Regatta III Funding LLC said that a majority of its subordinated noteholders are exploring a possible redemption of its secured notes in whole.

The following are being considered for redemption:

• $244.5 million of class A-1A-R floating-rate notes due 2026;

• $50 million of class A-1B-R floating-rate notes due 2026;

• $59,375,000 of class A-2-R floating-rate notes due 2026;

• $30,875,000 of class B-R deferrable floating-rate notes due 2026;

• $26,125,000 of class C-R deferrable floating-rate notes due 2026;

• $26,125,000 of class D deferrable floating-rate notes due 2026; and

• $10,687,500 of class E deferrable floating-rate notes due 2026.

U.S. Bank NA is the trustee.

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