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Octagon Investment Partners XVII directed to redeem secured notes
By Sarah Lizee
Olympia, Wash., Feb. 14 – Octagon Investment Partners XVII, Ltd./Octagon Investment Partners XVII, LLC received direction from a majority of its subordinated noteholders to redeem all classes of its secured notes in whole from refinancing proceeds, according to a notice.
The notes will be redeemed on Feb. 28 at par plus accrued interest for the following redemption prices:
• $129,051,297.46 for the class A-1-R notes;
• $77,846,715.13 for the class A-2-R notes;
• $22,881.435.72 for the class A-3-R notes;
• $40,120,707.56 for the class B-1-R notes;
• $5,015,088.44 for the class B-2-R notes;
• $31,866,801.90 for the class C-R notes;
• $21,848,501.40 for the class D-R notes;
• $17,854,693.84 for the class E notes; and
• $9,310,237.23 for the class F notes.
The subordinated notes will not be redeemed on the redemption date.
U.S. Bank NA is the trustee.
New York-based Octagon Credit Investors, LLC is the collateral manager.
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