First Eagle directed to redeem six series of notes at par on Dec. 26

By Sarah Lizee

Olympia, Wash., Dec. 13 – First Eagle Commercial Loan Funding 2016-1 LLC, formerly known as NewStar Commercial Loan Funding 2016-1 LLC, said it received direction from a majority of interests to redeem six classes of notes, according to a notice from trustee U.S. Bank NA.

The notes will be redeemed on Dec. 26 at par plus accrued interest for the following redemption prices:

• $177,139,785.53 for the class A-1 notes;

• $20,059,244.44 for the class A-2 notes;

• $36,929,099.59 for the class B notes;

• $22,641,621.56 for the class C notes;

• $23,901,534.57 for the class D notes; and

• $23,186,360.38 for the class E notes.

First Eagle Private Credit, LLC is the collateral manager.

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