Neuberger Berman Loan Advisers CLO 24 to redeem notes on March 12

By Sarah Lizee

Olympia, Wash., Feb. 28 – Neuberger Berman Loan Advisers CLO 24, Ltd./Neuberger Berman Loan Advisers CLO 24, LLC received direction from holders of a majority of its subordinated notes to redeem by refinancing five classes of notes, according to a notice.

The following notes will be redeemed on March 12 at par plus accrued interest:

• $318.5 million of class A notes (Cusips: 64130HAA9, G6460AAA8, 64130HAB7) for a redemption price of $319,875,792.87;

• $47 million of class B-1 notes (Cusips: 64130HAC5, G6460AAB6, 64130HAD3) for a redemption price of $47,227,657.07;

• $8 million of class B-2 notes (Cusips: 64130HAJ0, G6460AAE0, 64130HAK7) for a redemption price of $8,043,316;

• $34.5 million of class C notes (Cusips: 64130HAE1, G6460AAC4, 64130HAF8) for a redemption price of $34,708,653.73; and

• $29.75 million of class D notes (Cusips: 64130HAG6, G6460AAD2, 64130HAH4) for a redemption price of $29,969,964.58.

The class E (Cusips: 64130KAA2, G6460EAA0, 64130KAB0) and subordinated notes (Cusips: 64130KAC8, G6460EAB8, 64130KAD6) will not be redeemed.

U.S. Bank NA is the trustee.

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