Neuberger Berman CLO XV to refinance eight classes of notes on Oct. 16

By Tali Rackner

Minneapolis, Sept. 25 – Neuberger Berman CLO XV, Ltd. and Neuberger Berman CLO XV, LLC received direction from a majority of their subordinated noteholders to refinance eight classes of notes, according to a notice from trustee U.S. Bank NA.

The following will be redeemed at par plus accrued interest on Oct. 16:

• $105 million of class A-1 notes, for a total redemption price of $105,717,583.15;

• $150 million of class A-2 notes, for a total redemption price of $151,100,952.13;

• $20 million of class B-1 notes, for a total redemption price of $20,152,860.28;

• $25 million of class B-2 notes, for a total redemption price of $25,273,125;

• $29 million of class C notes, for a total redemption price of $29,304,482.69;

• $20.75 million of class D notes, for a total redemption price of $20,988,843.17;

• $17.75 million of class E notes, for a total redemption price of $18,014,883.50; and

• $7.5 million of class F notes, for a total redemption price of $7,625,193.44.

As part of the refinancing, Neuberger Berman intends to issue new class X-R, A-1-R, A-2-R, B-R, C-R, D-R, E-R, F-R and subordinated notes.

Chicago-based Neuberger Berman Investment Advisers LLC is the collateral manager.

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