OFSI Fund VII to redeem five classes of secured notes on Oct. 3

By Tali Rackner

Minneapolis, Sept. 5 – OFSI Fund VII, Ltd./OFSI Fund VII, LLC’s collateral manager proposed an optional redemption of five classes of secured notes, according to a notice from trustee U.S. Bank NA.

The holders of a majority of the subordinated notes consented to the optional redemption.

The notes will be redeemed on Oct. 3. The total redemption prices are as follows:

• $240,150,267.87 for the class A notes;

• $59,433,302.51 for the class B notes;

• $29,063,254.38 for the class C notes;

• $20,877,744.06 for the class D notes; and

• $17,311,018.76 for the class E notes.

The notes will be redeemed using refinancing proceeds.

OFS Capital Management, LLC is the collateral manager.

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