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HPS Loan Management 10-2016 to redeem four notes on Aug. 29, cancels redemption of two classes
Rebecca Melvin
New York, Aug. 9 HPS Loan Management 10-2016, Ltd. and HPS Loan Management 10-2016, LLC announced that it will redeem four series of rated, floating-rate notes on Aug. 29 and that it has revoked its optional redemption of two classes of rated, floating-rate notes, according to a noteholder notice.
The redemption applies to the following:
$248 million class A-1 senior secured notes;
$50.5 million class A-2 senior secured notes;
$13.5 million class B-1 mezzanine secured deferrable notes; and
$12 million class B-2 mezzanine secured deferrable notes.
The redemption price will be equal to 100% of the outstanding amount plus accrued interest.
The redemption of class C and class D notes that was previously planned has been revoked. Those notes include:
$28 million class C mezzanine secured deferrable notes; and
$16 million class D junior secured deferrable notes.
Each series of the notes is due 2028.
New Yorks HPS Investment Partners, LLC is the investment manager.
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