OCP CLO 2016-11 holders explore potential redemption of secured notes

By Tali Rackner

Minneapolis, June 30 – OCP CLO 2016-11, Ltd./OCP CLO 2016-11 LLC said some holders of its preference shares are exploring a possible redemption of secured notes, according to a notice from trustee Citibank, NA.

The affected debt includes class A-1a, class A-1b, class A-2a, class A-2b, class B, class C, class D-1, class D-2 and subordinated notes.

If effected, the notes would be redeemed using proceeds from new replacement notes.

Toronto-based Onex Credit Partners LLC is the portfolio manager.

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