Tender Offer - AIP Alternative Lending Fund A
Form Type: SC TO-I/A
Filing Date: 2025-05-16
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525121620
Filing Summary: This document is an amendment to the Schedule TO Tender Offer Statement filed by AIP Alternative Lending Fund A on May 16, 2025. The Fund is offering to purchase shares from shareholders for cash up to a maximum amount of $96,741,761, with the amount of tendering shares prioritized for full redemption based on account balances. The tender offer period began on April 1, 2025, and shareholders interested in tendering their shares were required to submit their requests by May 1, 2025. The withdrawal rights expire on June 20, 2025. The document includes information about the net asset values, the conditions under which shares will be repurchased, and highlights that no recommendations are made by the Fund regarding tendering. It emphasizes the importance of following the tax implications for shareholders, especially those in IRAs, and the potential effects of reduced fund assets on those who do not tender shares.
Additional details:
Transaction Valuation: $96,741,761
Amount Of Filing Fee: $14,811.16
Initial Notice Date: 2025-05-01
Initial Expiration Date: 2025-06-20
Valuation Date: 2025-06-30
Minimum Account Balance For Full Redemption: $15,000
Net Asset Value Per Share: $915.02
Form Type: SC TO-I
Filing Date: 2025-04-01
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525070057
Filing Summary: On April 1, 2025, AIP Alternative Lending Fund A announced a tender offer for shares of beneficial interest in the Fund. The offer is to purchase shares amounting to up to 5% of the net assets of the Fund, which was valued at approximately $1,389,494,954, with an individual share price of $915.02. The commencement date for the tender offer is April 1, 2025, and shareholders must submit proper notice to the Fund by May 1, 2025, to participate. Notably, the Offer remains revocable until the Initial Expiration Date on June 20, 2025, allowing shareholders to withdraw their tenders until then. Acceptance will be based on a net asset value calculation as of the Valuation Date, which is expected to occur on June 30, 2025. The filing indicated that payment for shares accepted will occur within 30 days following the Valuation Date, utilizing cash on hand, interest repayments, or borrowings for financing the repurchase. Further terms highlight shareholders’ rights regarding withdrawal and the potential impacts of the tender offer on share value and ownership interests.
Additional details:
Transaction Valuation: $96,741,761
Amount Of Filing Fee: $14,811.16
Initial Notice Date: 2025-05-01
Initial Expiration Date: 2025-06-20
Valuation Date: 2025-06-30
Form Type: SC TO-I/A
Filing Date: 2025-04-01
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525070054
Filing Summary: This document serves as the final amendment to the Issuer Tender Offer Statement on Schedule TO filed by AIP Alternative Lending Fund A, providing an update on the tender offer initiated on October 2, 2024. The Fund aimed to purchase up to 5% of its net assets from shareholders at their net asset value. Shareholders were required to submit tenders by November 1, 2024, and could withdraw until December 23, 2024. The total valid tenders amounted to $477,706,294, which were accepted for repurchase by the Fund. Payment for the tendered shares was issued via promissory notes, with a total payout of $103,848,688 representing over 21% of the net asset value of the shares tendered, paid by January 30, 2025.
Additional details:
Transaction Valuation: 108369827
Amount Of Filing Fee: 16591.42
Amount Previously Paid: 16591.42
Date Filed: 2024-10-02
Net Asset Value Of Tendered Shares: N/A
Total Payout: 103848688
Form Type: SC TO-I/A
Filing Date: 2025-03-03
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525044176
Filing Summary: AIP Alternative Lending Fund A is conducting a tender offer to purchase shares of the Fund from its shareholders for cash, offering to buy up to 5% of its net assets, with a potential discretionary increase. Shareholders wishing to tender shares must submit their requests by January 30, 2025, with the offer period beginning December 31, 2024, and expiring on March 21, 2025. The purchase price will be determined based on the net asset value per share on the valuation date, March 31, 2025. The Fund intends to prioritize tender requests from shareholders with account balances of $15,000 or less, and has additionally announced that any shares tendered but not purchased will be accepted on a pro rata basis. The document outlines important dates and conditions linked to the tender offer, including potential increases in repurchase amounts and rights to withdraw tender requests. Shareholders will remain owners of their shares until the valuation date, even if their tender requests are accepted. Importantly, the Fund urges shareholders to act swiftly to manage tender requests by deadline dates due to financial regulations concerning required minimum distributions from IRAs or similar accounts, which may affect their participation in the tender offer. The notice emphasizes that this transaction is not conditioned on any minimum participation from shareholders, but is structured to provide liquidity while managing asset exposure and diversification risks.
Additional details:
Transaction Valuation: $104,289,646
Amount Of Filing Fee: $15,966.74
Date Of Commencement: 2024-12-31
Initial Notice Date: 2025-01-30
Initial Expiration Date: 2025-03-21
Valuation Date: 2025-03-31
Fiscal Year End Date: 2025-09-30
Amount Redeemed Limit: 5% of net assets
Priority Redeem Shareholders: account balances at or below $15,000
Form Type: SC TO-I
Filing Date: 2024-12-31
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312524286963
Filing Summary: AIP Alternative Lending Fund A has filed a tender offer to purchase shares of beneficial interest from its shareholders. This offer, which is classified as an issuer tender offer under Rule 13e-4, was first published on December 31, 2024. The Fund intends to purchase an amount of shares up to 5% of its net assets, calculated as of the Valuation Date. The process allows shareholders to provide notice of their intent to tender shares by January 30, 2025, with final acceptance and payment occurring on or before March 31, 2025. The shares will be purchased at their net asset value determined as of the Valuation Date, and shareholders can withdraw their tendered shares until the Initial Expiration Date. The Fund reserves the right to extend the offer and may increase the offer size by up to an additional 2% of the net asset value if necessary. Shareholders should carefully consider the implications of the tender offer, including the potential for increased asset volatility and changes in share value as a result of the tender offer process.
Additional details:
Transaction Valuation: 104289646
Amount Of Filing Fee: 15966.74
Initial Notice Date: 2025-01-30
Initial Expiration Date: 2025-03-21
Acceptance Date: 2025-03-21
Valuation Date: 2025-03-31
Fiscal Year End Date: 2025-09-30
Form Type: SC TO-I/A
Filing Date: 2024-12-31
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312524286954
Filing Summary: This document is the final amendment to the Issuer Tender Offer Statement on Schedule TO filed by AIP Alternative Lending Fund A, relating to an offer to purchase up to 5% of the net assets of the Fund from its shareholders. The offer commenced on July 2, 2024, requiring shareholders to submit their tenders by August 1, 2024, with the opportunity for withdrawal until September 20, 2024. Shareholders tendered shares totaling $439,099,302 before the Notice Date, which were accepted for repurchase. The net asset value of these shares was determined as of September 30, 2024, with payments made to the tendering shareholders in the form of promissory notes. The total amount paid was $112,072,036, which constituted more than 25% of the total unaudited net asset value of shares tendered. This filing reports the results of the tender offer, confirming the completion and details of the transactions.
Additional details:
Transaction Valuation: $112,072,036
Amount Of Filing Fee: $17,158.23
Amount Previously Paid: $11,448.24
Shareholders Tendered Amount: $439,099,302
Payment Date: October 30, 2024
Net Asset Value Date: September 30, 2024
Expiry Date: September 20, 2024
Form Type: SC TO-I/A
Filing Date: 2024-12-20
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312524283265
Filing Summary: AIP Alternative Lending Fund A is conducting a tender offer to purchase shares from its shareholders, which commenced on October 2, 2024. Shareholders wishing to participate must submit their tender requests no later than November 1, 2024, with a withdrawal deadline set for December 23, 2024. The fund intends to purchase up to 5% of its net assets but reserves the right to increase this amount at its discretion. Notably, shares with an estimated net asset value of $917.65 as of the last calculation will be repurchased but with proration expected due to anticipated high tender volumes. The fund will prioritize non-prorated repurchases for shareholders with account balances below $15,000. Payment for shares accepted in this tender offer will be made through a promissory note, with funds expected to be available within 30 days of the valuation date of December 31, 2024.
Additional details:
Tender Offer Price: 917.65 USD
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