#None #Tender Offers #Bellemeade Re #Mortgage-Linked Notes

Early Results of Tender Offers Announced

On July 2, 2025, Bellemeade Re 2022-1 Ltd. (BMIR 2022-1) and Bellemeade Re 2022-2 Ltd. (BMIR 2022-2) announced the preliminary findings of their previously scheduled tender offers for the purchase of various Mortgage Insurance-Linked Notes. This announcement came in light of their commitment to enhance their financial position and manage outstanding liabilities effectively.

The tender offers encompass all classes of the Series 2022-1 and 2022-2 Mortgage-Linked Notes, which are essential financial instruments that have contributed significantly to Bellemeade’s overall debt structure. As per the report, the offers aimed to buy back any and all applicable notes at a fixed cash price.

As of the Early Tender Time, which was set at 5:00 p.m. New York City time on July 1, an impressive amount of principal for the respective series had been validly tendered—both series showing a 100% acceptance rate for the original principal amounts. To break this down:
- For BMIR 2022-1, the class of notes M1-C, originally amounting to $119,736,000, was fully tendered, and the same amount will be accepted.
- In the case of BMIR 2022-2, the class M1-B also had an original principal of $105,000,000, which has been fully tendered and accepted.

This reflects a strategic approach by Bellemeade to make use of its liquidity more effectively by reducing outstanding liabilities. The Issuers plan to execute payments for the related notes that were tendered and accepted on July 3, 2025, which signifies a swift turnaround for the investors involved.

BofA Securities, Inc. has been designated as the Dealer Manager for these offers, which provides a professional framework for executing these significant transactions. Investors or interested parties looking for more details regarding the thresholds and terms set in the Offers can directly contact BofA Securities at the provided phone numbers.

The announcements carry stipulations regarding the legality of participation in various jurisdictions. Consequently, it underscores that prospective participants of these offers need to be mindful of the legal restrictions that apply in their respective regions. Thus, while the tender offers present an appealing opportunity, they also carry obligations for compliance as specified under applicable securities regulations.

In conclusion, the successful early results from these tender offers demonstrate Bellemeade's commitment to financial prudence and maintaining robust management of its obligations. By allowing a full tender of these mortgage-linked notes, Bellemeade not only alleviates its debt pressures but also reassures its investors of a strategic and responsible financial maneuver. The forthcoming payments and completion of these transactions will further cement its reputation in the financial markets as a proactive issuer contributing to market stability.

For more information on the details of the Offers and to ensure compliance with all applicable laws, stakeholders are encouraged to follow up with the designated contacts. This strategic move reflects a larger trend in the financial sector where organizations are actively managing their liabilities and enhancing their financial agility amidst changing market dynamics.