ALME Loan Funding III 2nd Refinancing: 08 March 2020
The assets securing the Securities will consist of a portfolio of primarily Senior Loans, Secured Senior Bonds, Mezzanine Obligations and High Yield Bonds, and will be managed by Apollo Management International LLP.
On 11 December 2014 (the “2014 Issue Date”) ALME Loan Funding III issued Class A-1 Senior Secured Floating Rate Notes due 2028, Class A-2 Senior Secured Fixed Rate Notes due 2028, Class B-1 Senior Secured Floating Rate Notes due 2028, Class B-2 Senior Secured Fixed Rate Notes due 2028, Class C Senior Secured Deferrable Floating Rate Notes due 2028, Class D Senior Secured Deferrable Floating Rate Notes due 2028, Class E Senior Secured Deferrable Floating Rate Notes due 2028, Class F Senior Secured Deferrable Floating Rate Notes due 2028 and Participating Term Certificates due 2031.
On 18 April 2017 (the “2017 Issue Date”) the Issuer refinanced in whole each of the 2014 Notes in full by issuing Class X Senior Secured Floating Rate Notes due 2030, Class A Senior Secured Floating Rate Notes due 2030, Class B-1 Senior Secured Floating Rate Notes due 2030, Class B-2 Senior Secured Fixed Rate Notes due 2030, Class C Senior Secured Deferrable Floating Rate Notes due 2030, Class D Senior Secured Deferrable Floating Rate Notes due 2030, Class E Senior Secured Deferrable Floating Rate Notes due 2030, and Class F Senior Secured Deferrable Floating Rate Notes due 2030. The 2014 Participating Term Certificates were issued on the 2014 Issue Date and were not offered on the 2017 Issue Date.
On 5 March 2020 the Issuer will, subject to the satisfaction of certain conditions, refinance in whole each Class of Refinanced Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2032, Class B-1 R Senior Secured Floating Rate Notes due 2032, Class B-2 R Senior Secured Fixed Rate Notes due 2032, Class C-R Senior Secured Deferrable Floating Rate Notes due 2032, Class D-R Senior Secured Deferrable Floating Rate Notes due 2032, Class E-R Senior Secured Deferrable Floating Rate Notes due 2032 and additional participating term certificates due 2040 and, together with the 2014 Participating Term Certificates, the “Participating Term Certificates” shall form a single class of Participating Term Certificates.