Neuberger Berman CLO XVI directed to redeem notes on Jan. 16

By Sarah Lizee

Olympia, Wash., Dec. 21 – Neuberger Berman CLO XVI, Ltd./Neuberger Berman CLO XVI, LLC received direction from a majority of its subordinated noteholders to redeem nine classes of secured notes and the subordinated notes on Jan. 16, according to a notice.

The notes will be redeemed at par plus accrued interest up to but excluding the redemption date for the following redemption prices:

• $332,872,656.20 for the class A-1-R notes;

• $5,029,000 for the class A-2-R notes;

• $50,429,227.28 for the class B-1 notes;

• $18,919,106.06 for the class B-2-R notes;

• $41,919,891.97 for the class C-1 notes;

• $1,010,501.21 for the class C-2-R notes;

• $34,156,165.91 for the class D notes;

• $25,862,272.58 for the class E notes; and

• $12,693,556.82 for the class F notes.

For the $49.5 million of subordinated notes, the redemption price will be the respective proportional share of the amount of the proceeds of the assets remaining after giving effect to the redemption of the secured notes and full payment of all expenses.

U.S. Bank NA is the trustee.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.