Octagon Investment Partners XVI directed to redeem all secured notes

By Sarah Lizee

Olympia, Wash., July 3 – Octagon Investment Partners XVI, Ltd./Octagon Investment Partners XVI, LLC received direction from a majority of its subordinated noteholders to redeem by refinancing all classes of secured notes, according to a notice.

The notes will be redeemed on July 17 at par plus accrued interest for the following redemption prices:

• $142,220,398.73 for the class A notes;

• $63,629,484.99 for the class B-1 notes;

• $10,076,750 for the class B-2 notes;

• $27,854,716.17 for the class C-1 notes;

• $10,107,500 for the class C-2 notes;

• $27,389,216.78 for the class D notes;

• $23,907,075.95 for the class E notes; and

• $14,277,902.22 for the class F notes.

The subordinated notes will not be redeemed on the redemption date.

U.S. Bank NA is the trustee.

New York-based Octagon Credit Investors, LLC is the collateral manager.

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