Tender Offers for AIP Alternative Lending Fund A
Form Type: SC TO-I
Filing Date: 2024-12-31
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312524286963
Comments: 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.
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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
Comments: 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.
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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
Comments: 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.
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Additional details:
Tender Offer Price: 917.65 USD