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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