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NXT Capital CLO 2012-1 holders discuss potential note redemption
By Tali Rackner
Minneapolis, Sept. 6 – NXT Capital CLO 2012-1, LLC said certain holders or beneficial owners of notes entered into discussions related to a potential optional redemption of five classes of floating-rate notes, according to a notice.
The following are affected:
• $173.5 million of class A senior secured floating-rate notes due 2022;
• $20.5 million of class B senior secured floating-rate notes due 2022;
• $24 million of class C secured deferrable floating-rate notes due 2022;
• $15.5 million of class D secured deferrable floating-rate notes due 2022; and
• $23.75 million of class E secured deferrable floating-rate notes due 2024.
The transaction would be funded using proceeds from new notes.
Wells Fargo Bank, NA is the trustee.
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