Palmer Square CLO 2015-2 to redeem seven classes of notes on Feb. 19

By Sarah Lizee

Olympia, Wash., Feb. 6 – Palmer Square CLO 2015-2, Ltd./Palmer Square CLO 2015-2, LLC received direction from holders of a majority of its subordinated notes to redeem all classes of its secured notes in whole but not in part from refinancing proceeds.

The following notes will be redeemed on Feb. 19 at par plus accrued interest:

• $330 million of class A-1A-R notes (Cusips: 69689CAL0, G6903XAF2, 69689CAM8);

• $20.5 million of class A-1B-R notes (Cusips: 69689CAN6, G6903XAG0, 69689CAP1);

• $68.9 million of class A-2-R notes (Cusips: 69689CAQ9, G6903XAH8, 69689CAR7);

• $31.5 million of class B-R notes (Cusips: 69689CAS5, G6903XAJ4, 69689CAT3);

• $33 million of class C-R notes (Cusips: 69689CAU0, G6903XAK1, 69689CAV8);

• $19.25 million of class D-R notes (Cusips: 69689DAG9, G6903YAD5, 69689DAH7); and

• $8.25 million of class E-R notes (Cusips: 69689DAJ3, G6903YAE3, 69689DAK0).

The subordinated notes will not be redeemed.

Citibank, NA is the trustee.

Mission Woods, Kan.-based Palmer Square Capital Management LLC is the collateral manager.

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