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OPY > SEC Filings for OPY > Form 8-K on 14-Mar-2014All Recent SEC Filings

Show all filings for OPPENHEIMER HOLDINGS INC

Form 8-K for OPPENHEIMER HOLDINGS INC


14-Mar-2014

Other Events, Financial Statements and Exhibits


ITEM 8.01. Other Events.

Oppenheimer Holdings Inc. (the "Company") announced that it will be retiring a total of $50 million (25%) of its 8.75% Senior Secured Notes due 2018 (the "Notes"). The Company will deliver to the holders of the Notes a notice of partial redemption, notifying such holders of the Company's intent to redeem on April 15, 2014 (the "Redemption Date") $45 million aggregate principal amount of the outstanding Notes at a redemption price equal to 106.563% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to the Redemption Date. In addition, the Company will also be retiring the $5 million aggregate principal amount of the Notes that it currently holds. Upon completion of the redemption and retirement on the Redemption Date, $150 million aggregate principal amount of the Notes will remain outstanding. The retirement of the Notes will reduce the Company's interest costs by $3.9 million annually.



ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits:

The following exhibit is furnished (not filed) with this Current Report on Form 8-K:

99.1 Oppenheimer Holdings Inc.'s Press Release dated March 14, 2014


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