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NewStar Fairfield Fund CLO secured note redemption considered
By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – NewStar Fairfield Fund CLO Ltd., aka Fifth Street SLF II, Ltd., has been informed by its collateral manager that holders of a majority of its subordinated notes are exploring a potential redemption of its secured notes in whole, according to a notice dated Wednesday.
The secured notes, due 2027, include
• $20 million of class A-1R senior secured revolving floating-rate notes;
• $175,800,000 of class A-1T senior secured floating-rate notes;
• $31 million of class A-1F senior secured fixed-rate notes;
• $40.6 million of class A-2 senior secured floating-rate notes;
• $39.6 million of class B senior secured deferrable floating-rate notes;
• $22.3 million of class C senior secured deferrable floating-rate notes; and
• $35.2 million of class D senior secured deferrable floating-rate notes.
Wells Fargo Bank, NA is the trustee.
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