HPS Loan Management 3-2014 to redeem six classes of notes on July 18

By Tali Rackner

Minneapolis, June 30 – HPS Loan Management 3-2014, Ltd./HPS Loan Management 3-2014 LLC, formerly Highbridge Loan Management 3-2014, said a majority of its subordinated noteholders directed it to fully redeem six classes of its rated notes, according to a notice from trustee Bank of New York Mellon Trust Co.

The notes will be redeemed on July 18 at par plus accrued interest for the following total redemption prices:

• $247,640,669.94 of class A-1 notes;

• $50,380,233.39 of class A-2 notes;

• $37,632,141.58 of class B notes;

• $20,493,572.65 of class C notes;

• $17,264,641.85 of class D notes; and

• $7,890,235.83 of class E notes.

The redemption will be funded using proceeds from a refinancing.

New York-based HPS Investment Partners CLO (US), LLC is the investment manager.

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