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Neuberger Berman prepares for $400 million CLO offering
By Cristal Cody
Tupelo, Miss., Aug. 26 - Neuberger Berman Fixed Income LLC is expected to price about $400 million of notes in a collateralized loan obligation offering, according to an informed source on Monday.
Wells Fargo Securities LLC is the underwriter.
The CLO is expected to price later in the week or early September.
CLO manager Neuberger Berman Fixed Income brought the $413.19 million Neuberger Berman CLO XIV, Ltd./Neuberger Berman CLO XIV, LLC deal in May.
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