Oppenheimer Holdings Inc. Announces Retirement of $50 million of 8.75% Senior Secured Notes Due 2018

Oppenheimer Holdings Inc. Announces Retirement of $50 million of 8.75% Senior 
Secured Notes Due 2018 
NEW YORK, March 14, 2014 /CNW/ - 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. 
In connection with the announced retirement, Albert G. Lowenthal, Chairman and 
CEO, commented, "We are pleased to be able to reduce the principal amount of 
this high cost debt by 25% which will, of course, also reduce Oppenheimer's 
leverage. We look forward to continuing this process as our profitability 
Company Information 
Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading 
middle market investment bank and full service broker-dealer that provides a 
wide range of financial services including retail securities brokerage, 
institutional sales and trading, investment banking (both corporate and public 
finance), research, market-making, trust, investment management, and 
commercial mortgage banking. With roots tracing back to 1881, the firm is 
headquartered in New York and has 96 offices in 25 states and 5 foreign 
Forward-Looking Statements 
This press release includes certain "forward-looking statements" relating to 
anticipated future performance. For a discussion of the factors that could 
cause future performance to be different than anticipated, reference is made 
to Factors Affecting "Forward-Looking Statements" and Part 1A - Risk Factors 
in the Company's Annual Report on Form 10-K for the year ended December 31, 

SOURCE  Oppenheimer Holdings Inc. 
Jeffrey Alfano 212-825-4331 
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CO: Oppenheimer Holdings Inc.
ST: New York
-0- Mar/14/2014 20:46 GMT
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