OHA Loan Funding 2013-1 directed to redeem secured notes on Aug. 10

By Sarah Lizee

Olympia, Wash., July 30 – OHA Loan Funding 2013-1, Ltd./OHA Loan Funding 2013-1, Inc. received direction from a majority of its subordinated noteholders to redeem its secured notes in whole from refinancing proceeds, according to a notice.

The notes will be redeemed at par plus accrued interest on Aug. 10 for the following redemption prices:

• $160,377,919.14 for the class A-R notes;

• $41,779,168.70 for the class B-1-R notes;

• $30,046,466.67 for the class B-2-R notes;

• $30,266,395.61 for the class C-R notes;

• $26,772,050.75 for the class D-R notes;

• $23,788,840.16 for the class E notes; and

• $15,058,852.95 for the class F notes.

The subordinated notes will not be redeemed on the redemption date.

Bank of New York Mellon Trust Co., NA is the trustee.

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

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