Northwoods Capital XV directed to redeem five note classes March 20

By Sarah Lizee

Olympia, Wash., Feb. 25 – Northwoods Capital XV, Ltd./Northwoods Capital XV, LLC received direction from holders of its subordinated notes to redeem by refinancing five classes of notes in whole on March 20.

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

• $285.75 million class A senior secured floating-rate notes due 2029 (Cusip: G66786AA5, 66860GAA2);

• $44 million class B-1 senior secured floating-rate notes due 2029 (Cusip: G66786AB3, 66860GAB0);

• $10 million class B-2 senior secured fixed-rate notes due 2029 (Cusip: G66786AC1, 66860GAC8);

• $27 million class C mezzanine secured deferrable floating-rate notes due 2029 (Cusip: G66786AD9, 66860GAD6); and

• $24.75 million class D mezzanine secured deferrable floating-rate notes due 2029 (Cusip: G66786AF4, 6860GAF1).

U.S. Bank NA is the trustee.

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