GoldenTree Loan Opportunities IV to redeem secured, subordinated notes

By Tali Rackner

Norfolk, Va., Feb. 7– GoldenTree Loan Opportunities IV, Ltd., as issuer, and GoldenTree Loan Opportunities IV, Corp., as co-issuer, said a supermajority of its subordinated noteholders directed an optional redemption of eight classes of secured notes and the subordinated notes, according to a notice from trustee Bank of New York Mellon Trust Co., NA.

The notes will be redeemed at par plus accrued interest on Feb. 21 for the following total redemption prices:

• $11,539,821.13 for the class A-1a notes;

• $27,763,353.55 for the class A-1b notes;

• $1,997,388.23 for the class A-1cS notes;

• $14,044,655.49 for the class A-1cJ notes;

• $32,312,904.29 for the class A-2 notes;

• $43,887,823.09 for the class B notes;

• $48,469,205.45 for the class C notes; and

• $25,745,777.54 for the class D notes.

For the subordinated notes, the redemption price will be the respective proportional share of the amount of the proceeds of the assets remaining after giving effect to the redemption of the secured notes and full payment of all expenses.

The record date will be Feb. 6.

GoldenTree Asset Management, LP manages the portfolio.

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