ALM V directed to refinance five classes of secured notes on Oct. 18

By Tali Rackner

Minneapolis, Oct. 4 – ALM V, Ltd./ALM V, LLC received direction from a majority of its subordinated noteholders to redeem five classes of secured notes via a refinancing, according to a notice from U.S. Bank NA as trustee.

The notes will be redeemed in full at par plus accrued interest on Oct. 18 for the following total redemption prices:

• $303,598,541.51 for the class A-1-R2 notes;

• $44,388,339.26 for the class A-2-R notes;

• $38,417,928.35 for the class B-R notes;

• $31,412,241.55 for the class C-R notes; and

• $23,429,289.97 for the class D-R notes.

New York City-based Apollo Credit Management (CLO) LLC is the collateral manager.

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