NXT Capital CLO 2013-1 holders explore possible note redemption

By Tali Rackner

Minneapolis, Sept. 6 – NXT Capital CLO 2013-1, LLC said certain holders or beneficial owners of notes entered into discussions related to a potential optional redemption of five classes of floating-rate notes due 2024, according to a notice.

The following are affected:

• $200 million of class A senior secured floating-rate notes;

• $29 million of class B senior secured floating-rate notes;

• $30.75 million of class C secured deferrable floating-rate notes;

• $16.25 million of class D secured deferrable floating-rate notes; and

• $31.25 million of class E secured deferrable floating-rate notes.

The transaction would be funded using proceeds from new notes.

Wells Fargo Bank, NA is the trustee.

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