First Eagle cancels Nov. 25 redemption of six classes of notes

By Wendy Van Sickle

Columbus, Ohio, Nov. 22 – First Eagle Commercial Loan Funding 2016-1 LLC, formerly known as NewStar Commercial Loan Funding 2016-1 LLC, has withdrawn its redemption notice for six classes of notes, according to a notice from trustee U.S. Bank NA.

The redemption notice issued on Nov. 12 had called for the Nov. 25 optional redemption by refinancing of the issuer’s class A-1, A-2, B, C, D and E notes. The notes will not be redeemed on Nov. 25, according to the updated notice.

First Eagle Private Credit, LLC is the collateral manager.

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