Oppenheimer to repay $25 million of senior secured facility

By Sara Rosenberg

New York, April 27 - Oppenheimer Holdings Inc. plans to repay $25 million of its senior secured credit note by April 30, according to a company news release.

Of the $25 million paydown, $10.4 million is required and $14.6 million is voluntary.

Following the repayment, the senior secured credit note will have a balance of $99.1 million.

In addition, under the terms of the facility, the interest rate has been reduced by 25 basis points.

Oppenheimer is a Toronto-based provider of various financial services.

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