Fitch: SEQUILS-Magnum, Ltd. and MINCS-Magnum Paid in Full.NEW YORK -- The entire capital structure of SEQUILS-Magnum, Ltd. (SEQUILS Magnum) and MINCS-Magnum, Ltd. (MINCS MINCS Mixed-Income New Communities Strategy Magnum) was paid in full (PIF (Program Information File) A data file in Windows 3.x and NT that stores window settings for DOS applications. It allows screen size, fonts and other options to be selected in order to customize the way the DOS app appears under Windows. ) reflecting the total redemption of the outstanding notes as of the Dec. 12, 2005 payment date. The following classes are paid in full: --$84,000,000 SEQUILS A-1 notes 'AAA'; --$306,000,000 SEQUILS A-2 notes 'AAA'; --$30,000,000 SEQUILS B notes 'A'; --$54,500,000 MINCS notes 'BBB'. The transactions were cash flow and synthetic collateralized loan obligations (CLO CLO See: Collateralized Loan Obligation. ), respectively, that enabled investors to gain exposure to a portfolio of high-yield, senior secured bank loans. The portfolio was managed by Pacific Investment Management Company LLC. Additional deal information and historical data are available on the Fitch Ratings web site at www.fitchratings.com. For more information on the Fitch VECTOR Model, see 'Global Rating Criteria for Collateralized Debt Obligations,' dated Sept. 13, 2004, also available at www.fitchratings.com. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion