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Och-Ziff Finance to redeem all $400 million 4.5% senior notes due 2019
By Tali Rackner
Minneapolis, April 5 – Och-Ziff Capital Management Group LLC said Och-Ziff Finance Co. LLC plans to redeem all $400 million of its 4.5% senior notes due 2019, according to an 8-K filing with the Securities and Exchange Commission.
The company expects to redeem the notes on May 5 at a price that has yet to be determined.
The redemption will be funded with cash on hand and borrowings under a new $250 million term loan facility, which is scheduled to close on or before the redemption date.
Wilmington Trust, NA is the trustee.
Och-Ziff is an institutional alternative asset manager based in New York.
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