E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers O > Headlines for Oppenheimer Holdings Inc. > News item
Published on 6/6/2017 in the Prospect News High Yield Daily.

Oppenheimer to sell $200 million five-year secured notes backing redemption of 8¾% notes due 2018

By Paul A. Harris

Portland, Ore., June 6 – Oppenheimer Holdings Inc. plans to sell $200 million of senior secured notes due 2022, according to a Tuesday press release.

Oppenheimer is the bookrunner, a market source said.

The New York-based financial institution plans to use the proceeds to redeem its 8¾% senior secured notes due April 15, 2018 in full, with the remaining proceeds to be used for general corporate purposes, which may include acquisitions.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.