Source - RNS
RNS Number : 4862K
NXT Capital CLO 2014-1, LLC
10 April 2018
 


Corporate Trust Services

9062 Old Annapolis Road

Columbia, MD 21045-1951

MAC: R1204-010


 

NOTICE OF OPTIONAL REDEMPTION

 

NXT CAPITAL CLO 2014-1, LLC

 

April 10, 2018

To:       The Parties Listed on Schedule I hereto.

Ladies and Gentlemen:

 

Reference is made to that certain Indenture dated as of May 8, 2014 (as amended by that certain Supplemental Indenture No. 1 dated as of July 24, 2017 and as further amended, modified or supplemented to date, the "Indenture") between NXT CAPITAL CLO 2014-1, LLC, as Issuer (the "Issuer") and WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee (the "Trustee").  Capitalized terms used herein without definition shall have the meanings given to such terms in the Indenture.

 

            I.          Notice to Nominees and Custodians.

 

If you act as or hold Notes as a nominee or custodian for or on behalf of other persons, please transmit this notice immediately to the beneficial owner of such Notes or such other representative who is authorized to take actions.  Your failure to act promptly in compliance with this paragraph may impair the chance of the beneficial owners on whose behalf you act to take any appropriate actions concerning the matters described in this notice.

 

            II.        Notice of Optional Redemption.

 

             Pursuant to Section 9.2(a) of the Indenture, a Majority of the Interests delivered a direction to the Issuer to redeem in full all of the Notes from Sale Proceeds.  The Issuer has provided notice to the Trustee of the Redemption Date, applicable Record Date, the principal amount of Notes to be redeemed and applicable Redemption Prices.  In accordance with Section 9.4 of the Indenture and at the direction of the Issuer, the Trustee hereby provides notice of the following information relating to the Optional Redemption:

 

            All of the Notes will be redeemed in full, and interest on the Notes shall cease to accrue on the Redemption Date.

            The Redemption Date will be April 23, 2018.

            The Redemption Price of the Notes shall be:

            for the Class A-R Notes, U.S. $190,233,796.78 (an amount equal to 100% of the Aggregate Outstanding Amount of the Class A-R Notes, plus accrued and unpaid interest thereon (including defaulted interest) to the Redemption Date);

            for the Class B-1-R Notes, U.S. $24,218,668.20 (an amount equal to 100% of the Aggregate Outstanding Amount of the Class B-1-R Notes, plus accrued and unpaid interest thereon (including defaulted interest) to the Redemption Date);

            for the Class B-2-R Notes, U.S. $5,044,300.00 (an amount equal to 100% of the Aggregate Outstanding Amount of the Class B-2-R Notes, plus accrued and unpaid interest thereon (including defaulted interest) to the Redemption Date);

            for the Class C-R Notes, U.S. $37,668,547.52 (an amount equal to 100% of the Aggregate Outstanding Amount of the Class C-R Notes, plus accrued and unpaid interest thereon (including Deferred Interest, interest on any accrued and unpaid Deferred Interest and defaulted interest) to the Redemption Date);

            for the Class D-R Notes, U.S. $16,219,778.80 (an amount equal to 100% of the Aggregate Outstanding Amount of the Class D-R Notes, plus accrued and unpaid interest thereon (including Deferred Interest, interest on any accrued and unpaid Deferred Interest and defaulted interest) to the Redemption Date); and

            for the Class E Notes, U.S. $32,579,557.60 (an amount equal to 100% of the Aggregate Outstanding Amount of the Class E Notes, plus accrued and unpaid interest thereon (including Deferred Interest, interest on any accrued and unpaid Deferred Interest and defaulted interest) to the Redemption Date).

            Payment of the Redemption Price on the Notes to be redeemed will be made only upon presentation and surrender of such Notes at the offices of the Trustee.  To surrender Notes, please present and surrender the Notes to one of the following places by one of the following methods:

By Mail or Courier Service:

Wells Fargo Bank, N.A.

Corporate Trust Operations

MAC N9300-070

600 South Fourth Street

Minneapolis, MN 55479

By Registered or Certified Mail:

Wells Fargo Bank, N.A.

Corporate Trust Operations

MAC N9300-070

P.O. Box 1517

Minneapolis, MN 55480-1517

 

 

            IMPORTANT INFORMATION REGARDING TAX CERTIFICATION AND POTENTIAL WITHHOLDING: Pursuant to U.S. federal tax laws, you have a duty to provide the applicable type of tax certification form issued by the U.S. Internal Revenue Service ("IRS") to Wells Fargo Bank, N.A. Corporate Trust Services to ensure payments are reported accurately to you and to the IRS.  In order to permit accurate withholding (or to prevent withholding), a complete and valid tax certification form must be received by Wells Fargo Bank, N.A. Corporate Trust Services before payment of the redemption proceeds is made to you. Failure to timely provide a valid tax certification form as required will result in the maximum amount of U.S. withholding tax being deducted from any redemption payment that is made to you.

 

            You may direct questions to the attention of Dan Kiral by telephone at (240) 651-8449, by e-mail at [email protected], by facsimile at (240) 651-2848, or by mail addressed to Wells Fargo Bank, National Association, Collateralized Debt Obligations, Attn.: Cheryl Bohn, MAC R1204-010, 9062 Old Annapolis, Columbia, MD 21045-1951.  The Trustee may conclude that a specific response to particular inquiries from individual Holders is not consistent with equal and full dissemination of material information to all Holders.  Holders of Notes should not rely on the Trustee as their sole source of information.  The Trustee does not make recommendations or give investment advice herein or as to the Notes generally. 

 

                                                                                    WELLS FARGO BANK, NATIONAL

ASSOCIATION, as Trustee



Schedule I

 

Addressees

 

Holders of Notes:* 

 


CUSIP* (Rule 144A)

CUSIP* (Reg S)

CUSIP*
 (Accredited Investor)

Class A-R Notes

67091CAQ5

U67038AH9

67091CAR3

Class B-1-R Notes

67091CAS1

U67038AJ5

67091CAT9

Class B-2-R Notes

67091CAU6

U67038AK2

67091CAV4

Class C-R Notes

67091CAW2

U67038AL0

67091CAX0

Class D-R Notes

67091CAY8

U67038AM8

67091CAZ5

Class E Notes

67091CAJ1

N/A

67091CAK8

 

Issuer:

NXT Capital CLO 2014-1, LLC

c/o NXT Capital Holdings, LP

191 N. Wacker Drive, 30th Floor

Chicago, Illinois 60606

Attn: Geoffrey Elter and Thomas J. Bax

[email protected]; [email protected]

 

With a copy to:

 

c/o NXT Capital Holdings, LP

191 N. Wacker Drive, 30th Floor

Chicago, Illinois 60606

Attn: James Anderson

[email protected]

 

Collateral Manager:

NXT Capital CLO 2014-1, LLC

c/o NXT Capital Holdings, LP

191 N. Wacker Drive, 30th Floor

Chicago, Illinois 60606

Attn: Geoffrey Elter and Thomas J. Bax

[email protected]; [email protected]

 

 

Rating Agencies:

S&P Global Ratings:

[email protected]

 

Moody's:

[email protected]

 

Collateral Administrator/Information Agent:

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attn: CDO Trust Services, NXT CAPITAL CLO 2014-1

 

Irish Stock Exchange:

28 Anglesea Street

Dublin 2, Ireland

 

Irish Listing Agent:

Walkers Listing & Support Services Limited

17-19 Sir John Rogerson's Quay

Dublin 2, Ireland

 

 

This announcement has been issued through the Companies Announcement Service of

Euronext Dublin.

 



*  The Trustee shall not be responsible for the use of the CUSIP, CINS, ISIN or Common Code numbers selected, nor is any representation made as to their correctness indicated in the notice or as printed on any Note. The numbers are included solely for the convenience of the Holders. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ISEEAKLEFENPEFF