Whitehorse IV directed to redeem rated, subordinated notes on July 18

By Tali Rackner

Minneapolis, July 17 – Whitehorse IV Ltd. said its subordinated noteholders directed it to redeem three classes of rated notes and some subordinated notes, according to a notice from trustee Bank of New York Mellon Trust Co., NA.

The following will be redeemed at par plus accrued interest on July 18:

• $7,519,037.34 of class B notes for a total of $7,555,310.02;

• $16.5 million of class C notes for a total of $16,608,793.69; and

• $15 million of class D notes for a total of $15,182,320.02.

For the subordinated securities, the redemption price will be an amount equal to any remaining proceeds after the rated note redemption.

Whitehorse Capital Partners, LP is the investment manager.

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