NXT Capital CLO 2012-1 directed to redeem five classes of rated notes

By Tali Rackner

Minneapolis, Oct. 10 – NXT Capital CLO 2012-1, LLC said the holders of a majority of its interests directed a redemption of five classes of rated notes.

According to a filing with the London Stock Exchange, the notes will be redeemed in full at par plus accrued interest on Oct. 20 for the following total redemption prices:

• $47,457,871.38 for the class A notes;

• $20,767,546.91 for the class B notes;

• $24,386,825.65 for the class C notes;

• $15,779,533.23 for the class D notes; and

• $24,284,532.33 for the class E notes.

The redemption will be funded using sale proceeds.

Wells Fargo Bank, NA is the trustee.

Chicago-based NXT Capital Investment Advisers, LLC is the collateral manager.

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