ALM XVII directed to redeem nine classes of secured notes on July 16

By Sarah Lizee

Olympia, Wash., July 2 – ALM XVII, Ltd./ALM XVII, LLC received direction from its collateral manager to redeem nine classes of secured notes from refinancing proceeds, according to a notice.

The notes will be redeemed on July 16 at par plus accrued interest for the following redemption prices:

• $372,640,234.10 for the class A-1L notes;

• $18,153,855 for the class A-1F notes;

• $60,712,482.98 for the class A-2L notes;

• $6,058,245 for the class A-2H notes;

• $24,855,957.63 for the class B-1 notes;

• $7,086,327.50 for the class B-2 notes;

• $11,180,671.88 for the class C-1 notes;

• $27,898,520.01 for the class C-2 notes; and

• $30,046,383.33 for the class D notes.

The preferred shares will not be redeemed on the redemption date.

U.S. Bank NA is the trustee.

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

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