NewStar Berkeley directed to redeem four classes of notes on April 25

By Wendy Van Sickle

Columbus, Ohio, April 15 – NewStar Berkeley Fund LLC received direction from holders of a majority of its subordinated notes to redeem its secured notes in whole on April 25, according to a notice.

The notes will be redeemed at par plus accrued interest for the following redemption prices:

• $290 million for the class A notes;

• $51.25 million for the class B notes;

• $31.25 million for the class C notes; and

• $35 million for the class D notes.

U.S. Bank NA is the trustee.

Boston-based NewStar Financial, Inc. is the collateral manager.

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