OPPENHEIMER HOLDINGS INC. ANNOUNCES REDEMPTION OF $113 MILLION OF 5.50% SENIOR SECURED NOTES DUE 2025

Group 1 - Oppenheimer Holdings Inc. announced the redemption of $113,050,000 of its 5.50% Senior Secured Notes due 2025 on October 10, 2024, at a redemption price of 100% of the principal amount plus accrued interest [1] - The redemption will result in all outstanding Notes being redeemed, leaving none remaining [1] - The Chairman and CEO highlighted that the company's strong financial results and balance sheet allow it to reduce interest expenses during a period of high interest rates [2] Group 2 - Oppenheimer Holdings Inc. is a leading middle market investment bank and full-service broker-dealer, engaged in various financial services including retail securities brokerage, institutional sales and trading, and investment banking [2] - The company has a long history dating back to 1881 and is headquartered in New York, with 88 retail branch offices in the U.S. and institutional businesses in London, Tel Aviv, and Hong Kong [2]