HPS Loan Management 11-2017 to redeem four classes on Feb. 27

By Sarah Lizee

Olympia, Wash., Feb. 14 – HPS Loan Management 11-2017 Ltd./HPS Loan Management 11-2017 LLC plans to redeem four classes of notes on Feb. 27, according to a notice of supplemental indenture.

The following notes will be redeemed at par plus accrued interest:

• $320 million of class A notes (Cusips: 40436VAA9, G32202AA4) for a redemption price of $320,559,510.93;

• $57.5 million of class B notes (Cusips: 40436VAB7, G32202AB2) for a redemption price of $57,613,618.37;

• $28.5 million of class C notes (Cusips: 40436VAC5, G32202AC0) for a redemption price of $28,567,952.69; and

• $32.5 million of class D notes (Cusips: 40436VAD3, G32202AD8) for a redemption price of $32,601,187.83.

The class E (Cusips: 40436WAA7, G3220TAA5), class F (Cusip: 40436WAB5, G3220TAB3) and the subordinated (Cusips: 40436WAC3, G3220TAC1) notes will not be redeemed.

As previously reported, the notes are being redeemed as part of a refinancing, through with the issuers will price at least $406 million of new notes due May 6, 2030.

U.S. Bank NA is the trustee.

HPS Investment Partners CLO (US), LLC is the investment manager.

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