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Cathedral Lake III manager, holders mull redemption of secured notes
By Sarah Lizee
Olympia, Wash., Feb. 25 – Cathedral Lake III, Ltd./Cathedral Lake III, LLC said its collateral manager and holders of a majority of its subordinated notes have entered into discussions relating to a potential redemption of one or more classes of its secured notes from refinancing proceeds.
The redemption would take place in April, according to a notice.
Holders of the class A-R notes (Cusips: 14918PAU0, G19679AG7), class B-R notes (Cusips: 14918PAW6, G19679AH5), class C-R notes (Cusips: 14918PAY2, G19679AJ1), class D-R notes (Cusips: 14918PBA3, G19679AK8) and class E-R notes (Cusips: 14918NAF8, G19676AC2) and the subordinated notes (Cusips: 14918NAA9, G19676AA6, 14918NAB7) were notified.
U.S. Bank NA is the trustee.
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