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Octagon Investment Partners 26 directed to redeem all secured notes
By Sarah Lizee
Olympia, Wash., May 31 – Octagon Investment Partners 26, Ltd./Octagon Investment Partners 26, LLC received direction from a majority of its subordinated noteholders to redeem all classes of its secured notes from refinancing proceeds, according to a notice.
The notes will be redeemed on June 13 at par plus accrued interest for the following redemption prices:
• $311,961,662.95 for the class A notes;
• $45,351,457.53 for the class B-1 notes;
• $20,122,866.67 for the class B-2 notes;
• $35,321,286.41 for the class C notes;
• $25,293,934.74 for the class D notes; and
• $25,410,740.29 for the class E notes.
The subordinated notes and income 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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