Newstar Commercial Loan Funding 2015-1 to redeem five note classes

By Sarah Lizee

Olympia, Wash., Dec. 11 – Newstar Commercial Loan Funding 2015-1 LLC received direction from holders of at least a majority of interests to redeem five classes of notes from sale proceeds, according to a notice from trustee U.S. Bank NA.

The notes will be redeemed at par plus accrued interest on Dec. 22 for the following total redemption prices:

• $254,903,012.86 for the class A-1 notes;

• $35,205,959.86 for the class A-2 notes;

• $50,364,228.38 for the class B notes;

• $38,851,199.60 for the class C notes; and

• $33,649,318.12 for the class D notes.

Boston-based NewStar Financial, Inc. is the collateral manager.

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