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Published on 9/10/2020 in the Prospect News High Yield Daily.

Oppenheimer plans $125 million of senior secured notes due 2025

By Sarah Lizee

Olympia, Wash., Sept. 10 – Oppenheimer Holdings Inc. plans to issue $125 million of senior secured notes due 2025, according to a press release.

The notes will be guaranteed on a senior secured basis by subsidiaries E.A. Viner International Co. and Viner Finance Inc.

The notes will be secured by a first-priority security interest in substantially all of Oppenheimer’s and the subsidiary guarantors’ existing and future tangible and intangible assets.

Proceeds from the notes, along with cash on hand, will be used to redeem in full Oppenheimer’s 6¾% senior secured notes due July 1, 2022.

The offering is subject to market and other conditions.

Oppenheimer is a New York-based financial institution.


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