ALM XI is set to redeem all classes of secured notes on April 17

By Wendy Van Sickle

Columbus, Ohio, April 5 – ALM XI, Ltd./ALM XI, LLC has received direction from holders of a majority of its subordinated notes to effect an optional redemption of each class of secured notes from proceeds of an asset sale, according to a notice.

The following notes will be redeemed on April 17 at the prices listed which include accrued interest:

• $351,253,440.84 for the class A-1-R notes;

• $54,695,030.38 for the class A-2a-R notes;

• $10,085,000 for the class A-2b-R notes;

• $25,491,852.71 for the class B-R notes;

• $35,182,753.04 for the class C-R notes; and

• $36,333,737.62 for the class D notes.

The subordinated notes will be redeemed in full on or after the redemption date of the secured notes at their proportional share of the amount of the asset-sale proceeds remaining after the redemption of the secured notes.

Apollo Credit Management (CLO), LLC is the collateral manager.

U.S. Bank NA is the trustee and fiscal agent.

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