OHA Loan asks to call several note series at direction of some holders

By Susanna Moon

Chicago, Nov. 23 – OHA Loan Funding 2015-1 Ltd., as issuer, and OHA Loan Funding 2015-1 Inc., as co-issuer, notified holders of a second supplemental indenture.

OHA said that on Nov. 2 a majority of the subordinated noteholders called for the redemption of the class A notes, the class B-1 notes, class B-2 notes, the class C notes and the class D notes.

The notes will be redeemed on “any business day as soon as reasonably practicable and in any case no later than Dec. 23,” according to the notice.

The refinancing is subject to the approval of holders of the majority of the subordinated notes and the portfolio manager, the release noted.

The Bank of New York Mellon Trust Co., NA is the trustee.

The supplemental indenture is contingent on the receipt of consents of the portfolio manager and the holders of 100% of the aggregate outstanding amount of the class E notes, the class F notes and the subordinated notes.

The issuer said that no holders other than those of the class E notes, the class F notes and the subordinated notes will be materially and adversely affected by the supplemental notes indenture.

For questions, call Elisse Zhou at the portfolio manager at 212 852-1910 or email her at ezhou@oakhilladvisors.com.

The record date is Nov. 23.

© 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.