OZLM IX directed to redeem five classes of notes in full on Nov. 8

By Sarah Lizee

Olympia, Wash., Oct. 30 – OZLM IX, Ltd./OZLM IX, LLC received direction from its collateral manager and holders of a majority of its subordinated notes to redeem five classes of notes in whole from refinancing proceeds, according to a notice.

The following will be redeemed on Nov. 8 at par plus accrued interest:

• $317 million of class A-1-R notes;

• $63 million of class A-2-R notes;

• $23.5 million of class B-R notes;

• $31.5 million of class C-R notes; and

• $26.5 million of class D notes.

The subordinated notes will not be redeemed.

Citibank, NA is the trustee.

New York-based Och-Ziff Loan Management LP is the collateral manager.

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