Northwoods Capital XV holders discuss potential secured note redemption

By Marisa Wong

Los Angeles, Feb. 20 – Northwoods Capital XV, Ltd./Northwoods Capital XV, LLC gave notice to its noteholders that some holders or beneficial owners of notes have entered into discussions regarding the potential redemption of all or some classes of secured notes through a refinancing transaction.

Holders of the following notes were notified:

• $285.75 million class A senior secured floating-rate notes due 2029 (Cusip: G66786AA5, 66860GAA2);

• $44 million class B-1 senior secured floating-rate notes due 2029 (Cusip: G66786AB3, 66860G AB0);

• $10 million class B-2 senior secured fixed-rate notes due 2029 (Cusip: G66786AC1, 66860G AC8);

• $27 million class C mezzanine secured deferrable floating-rate notes due 2029 (Cusip: G66786AD9, 66860GAD6);

• $24.75 million class D mezzanine secured deferrable floating-rate notes due 2029 (Cusip: G66786AF4, 6860GAF1);

• $22.5 million class E junior secured deferrable floating-rate notes due 2029 (Cusip: G66820AA2, 66860HAA0); and

• $39.8 million subordinated notes due 2029 (Cusip: G66820AB0, 66860HAB8).

U.S. Bank NA is the trustee.

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