Neuberger Berman CLO XVIII holders consider secured note redemption

By Sarah Lizee

Olympia, Wash., July 31 – Neuberger Berman CLO XVIII, Ltd./Neuberger Berman CLO XVIII, LLC said some holders or beneficial owners of its subordinated notes have entered into discussions relating to a potential redemption of all or any classes of secured notes.

The notes would be redeemed using refinancing proceeds, according to a notice.

Holders of the class A-1-R, A-2-R, B-R, C-R and D-R notes, as well as the subordinated notes, were notified.

Wells Fargo Bank, NA is the trustee.

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