Highbridge Loan Management 7-2015 manager, holders explore redemption

By Sarah Lizee

Olympia, Wash., Dec. 15 – Highbridge Loan Management 7-2015, Ltd./Highbridge Loan Management 7-2015 LLC said its portfolio manager and a majority of its subordinated noteholders are exploring a possible redemption of all or some of its rated notes.

The following are affected:

• $272.8 million of class A senior secured floating-rate notes due 2026;

• $61.6 million of class B senior secured floating-rate notes due 2026;

• $26.8 million of class C mezzanine secured deferrable floating-rate notes due 2026;

• $23.75 million of class D mezzanine secured deferrable floating-rate notes due 2026;

• $20.65 million of class E junior secured deferrable floating-rate notes due 2026;

• $5.7 million of class F junior secured deferrable floating-rate notes due 2026;

• $1.97 million of class M notes due 2026; and

• $40.2 million of subordinated notes due 2026.

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

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