OZLM Funding to redeem five classes of secured notes on July 24

By Tali Rackner

Minneapolis, July 12 – OZLM Funding, Ltd./OZLM Funding, LLC was directed by a majority of its subordinated noteholders to redeem five classes of secured notes, according to a notice from trustee Bank of New York Mellon Trust Co., NA.

The notes will be redeemed in full at par plus accrued interest on July 24 for the following total redemption prices:

• $324,981,217.61 for $322.8 million of class A-1-R notes;

• $58,513,603.65 for $58 million of class A-2-R notes;

• $37,893,685.91 for $37.5 million of class B-R notes;

• $19,363,282.08 for $19.1 million of class C-R notes; and

• $22,028,783.08 for $21.6 million of class D-R notes.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.