WhiteHorse VI directed to redeem secured, subordinated notes on Aug. 2

By Tali Rackner

Minneapolis, July 13 – WhiteHorse VI, Ltd./WhiteHorse VI, LLC was directed by a majority of its subordinated securityholders to redeem six classes of its secured notes and the subordinated notes, according to a notice from trustee U.S. Bank NA.

The following will be redeemed in full at par plus accrued interest on Aug. 2:

• $51,035,271.46 of class A-1R notes, for a total redemption price of $51,499,962.46;

• $36 million of class A-2R notes, for a total redemption price of $36,392,190.48;

• $36 million of class A-3R notes, for a total redemption price of $36,470,390.48;

• $18.5 million of class B-1L notes, for a total redemption price of $18,812,645.11;

• $17.5 million of class B-2L notes, for a total redemption price of $17,840,467.49;

• $9 million of class B-3L notes, for a total redemption price of $9,203,847.62;

• $25 million of class 1 subordinated notes; and

• $2.5 million of class 2 subordinated notes.

For the subordinated notes, the redemption price will be equal to all sale proceeds remaining after the redemption of the secured notes.

Dallas-based H.I.G. WhiteHorse Capital, LLC is the collateral manager.

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