OZ Management announces repayment of all 2007 term loan borrowings

By Ashley Montgomery

Kansas City, Kan., June 27 - OZ Management LP has prepaid all $364,917,237.80 of borrowings under its amended and restated credit and guaranty agreement dated Oct. 26, 2007, according to an 8-K filed with the Securities and Exchange Commission.

The loan was set to mature on July 2.

The company said it, and other subsidiaries of parent Och-Ziff Capital Management Group LLC, entered into a delayed draw term loan agreement to fund the repayment.

OZ Management is a subsidiary of Och-Ziff Capital Management Group LLC, a New York-based institutional alternative asset manager.

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