OHA Credit Partners XI directed to redeem secured notes on Nov. 8

By Sarah Lizee

Olympia, Wash., Oct. 25 – OHA Credit Partners XI, Ltd./OHA Credit Partners XI, LLC received direction from holders of a majority of its subordinated notes to redeem six classes of secured notes in whole from refinancing proceeds, according to a notice.

The following will be redeemed on Nov. 8 at par plus accrued interest to the refinancing date:

• $254 million of class A notes;

• $42 million of class B notes;

• $24.75 million of class C notes;

• $25 million of class D notes;

• $22.25 million of class E notes; and

• $4.25 million of class F notes.

The subordinated notes will remain outstanding.

New York City-based Oak Hill Advisors, LP is the portfolio manager.

Citibank, NA is the trustee.

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