Apidos CLO IX gives optional redemption notice, seeks consents

By Jennifer Chiou

New York, Sept. 17 – Apidos CLO IX and Apidos CLO IX LLC gave notice of optional redemption by refinancing for the following securities:

• $267,375,000 of class A notes;

• $37.9 million of class B notes;

• $26.65 million of class C notes;

• $21.5 million of class D notes.

• $17.4 million of class E notes; and

• Combination securities.

The issuer is also soliciting consents to amend the note indenture to, among other things, allow it to qualify for the loan securitization exemption under the Volcker rule.

According to a notice from trustee Bank of New York Mellon Trust Co., NA, the redemption date will be Oct. 15. The record date will be Oct. 14 for global securities and Sept. 30 for certificated securities.

The company is offering par plus accrued interest for the notes and an amount equal to its allocation of the redemption price of each underlying class for the combination securities.

The refinancing will not occur if a majority of the companies’ subordinated notes objects. Holders who wish to object to the refinancing should submit notice in writing by 5 p.m. ET on Sept. 29 to the trustee at 601 Travis St., 16th Fl, Houston, Texas 77002.

Questions may be directed to Bank of New York Mellon (attn: Global Corporate Trust – Apidos CLO IX; fax 713 483-6622 or jason.calleja@bnymellon.com).

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