Nelder Grove CLO holders explore potential secured note redemption

By Sarah Lizee

Olympia, Wash., Dec. 29 – Nelder Grove CLO, Ltd./Nelder Grove CLO, Corp. said some holders or beneficial owners of its subordinated notes have entered into discussions relating to a potential redemption of all classes of its secured notes from sale proceeds, according to a notice.

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

U.S. Bank NA is the trustee.

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