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OHA Loan Funding 2015-1 directed to redeem secured notes on Dec. 6
By Sarah Lizee
Olympia, Wash., Nov. 21 – OHA Loan Funding 2015-1 LTD./OHA Loan Funding 2015-1 LLC received direction from holders of a majority of its subordinated notes to redeem its secured notes from refinancing proceeds.
The following notes will be redeemed on Dec. 6 at par plus accrued interest:
• $416 million of class A-R notes for a redemption price of $416,805,624.21;
• $63.7 million of class B-R notes for a redemption price of $63,837,852.96;
• $31.55 million of class C-R notes for a redemption price of $31,632,080.37;
• $48.5 million of class D-R notes for a redemption price of $48,622,680.48;
• $40.3 million of class E notes for a redemption price of $40,474,193.93;
• $11,375,000 of class F notes for a redemption price of $11,430,139.52.
Bank of New York Mellon Trust Co., NA is the trustee.
New York-based Oak Hill Advisors, LP is the portfolio manager.
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