Highbridge Loan Management 2012-1 to redeem secured, subordinated notes

By Tali Rackner

Norfolk, Va., March 14 – Highbridge Loan Management 2012-1, Ltd./ Highbridge Loan Management 2012-1, LLC plans to redeem six classes of secured notes and some subordinated notes, according to a notice from trustee and fiscal agent Bank of New York Mellon Trust Co., NA.

The notes will be redeemed in whole at par plus accrued interest on March 20 for the following total redemption prices:

• $87,075,078.78 of class A-1R notes, for a total redemption price of $87,564,294.87;

• $27.5 million of class A-2R notes, for a total redemption price of $27,723,253.94;

• $23 million of class B-R notes, for a total redemption price of $23,244,221.48;

• $13.5 million of class C-R notes, for a total redemption price of $13,677,097.39;

• $12.25 million of class D-R notes, for a total redemption price of $12,456,636.98; and

• $7 million of class E notes, for a total redemption price of $7,135,578.28.

For the subordinated securities, the redemption price will be an amount equal to any remaining principal proceeds payable on the securities under the priority of principal proceeds on the redemption date.

HPS Investment Partners, LLP is the investment manager.

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