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Neuberger Berman CLO XX may refinance, redeem several notes classes
By Sarah Lizee
Olympia, Wash., Oct. 12 – Neuberger Berman CLO XX, Ltd. as issuer and Neuberger Berman CLO XX, LLC as co-issuer have been notified that the collateral manager and some holders or beneficial owners of some of its secured debt classes have entered into discussions regarding a potential refinancing.
If directed to do so, the issuers will redeem the notes using refinancing proceeds.
The notes being considered for refinancing include the class X, A, B, C, D, E and F notes and the subordinated notes.
U.S. Bank NA is the trustee and collateral manager.
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