NewStar holders explore potential redemption of note classes due 2025

By Sarah Lizee

Olympia, Wash., Feb. 14 – NewStar Arlington Senior Loan Program LLC was informed by its collateral manager that a majority of its subordinated noteholders are exploring a possible redemption of its secured notes in whole, according to a London Stock Exchange notice.

The following are affected:

• $193.5 million class A-1 senior secured floating-rate notes due 2025;

• $40 million class A-2 senior secured floating-rate notes due 2025;

• $32.75 million class B-1 senior secured floating-rate notes due 2025;

• $5 million class B-2 senior secured fixed-rate notes due 2025;

• $28.5 million class C-1 secured deferrable floating-rate notes due 2025;

• $5 million class C-2 secured deferrable fixed-rate notes due 2025;

• $28 million class D secured deferrable floating-rate notes due 2025;

• $27 million class E secured deferrable floating-rate notes due 2025;

• $9 million class F secured deferrable floating-rate notes due 2025; and

• $40,667,000 subordinated notes due 2025.

U.S. Bank NA is the trustee.

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