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Prospect News home > News index > List of issuers N > Headlines for Neuberger Berman CLO XVIII, Ltd./Neuberger Berman CLO XVIII, LLC > News item |
Neuberger Berman CLO XVIII directed to redeem secured notes Nov. 14
By Sarah Lizee
Olympia, Wash., Oct. 24 – Neuberger Berman CLO XVIII, Ltd./Neuberger Berman CLO XVIII, LLC received direction from holders of a majority of its subordinated notes to redeem its secured notes in whole from refinancing proceeds, according to a notice.
The following will be redeemed on Nov. 14 at par plus accrued interest:
• $307.5 million of class A-1-R notes for a redemption price of $310,446,285.63
• $65 million of class A-2-R notes for a redemption price of $65,692,558.75;
• $37 million of class B-R notes for a redemption price of $37,460,414.64;
• $30 million of class C-R notes for a redemption price of $30,503,642.50; and
• $20 million of class D-R notes for a redemption price of $20,514,650.56.
The issuer also plans to enter into a third supplemental indenture in connection with the refinancing.
Wells Fargo Bank, NA is the trustee.
Chicago-based Neuberger Berman Investment Advisers LLC is the collateral manager.
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