p.a. comprising cash and deferred components
MSVC / YVH / 001
Secured wholesale notes
YVH Acquisition Series No.1 (notes)
A defined-duration, secured wholesale investment opportunity supporting the acquisition and advancement of a designated property portfolio.
01 / Indicative terms
p.a. paid periodically
p.a. accrued to redemption
of principal at redemption
maximum issue of A$8m
subject to investor eligibility
Indicative terms only. The definitive transaction documents prevail and may contain qualifications, conditions and additional terms.
02 / The opportunity
Private credit with a defined objective.
The Notes are intended to fund a focused acquisition strategy with a clear capital sequence, defined duration and documented security framework.
MSVC’s role is to originate, structure and oversee the opportunity with institutional investment discipline. Investor capital is intended to be deployed against designated acquisition and transaction costs in accordance with the definitive documents.
01
Defined use of proceeds
Capital directed to the designated acquisition strategy and approved costs.
02
Security framework
Documented security and priority arrangements designed for the transaction.
03
Finite duration
An 18-month target maturity with an identified redemption pathway.
03 / Structure
Capital designed around sequence and security.
The exact ranking, security package, loan-to-value parameters and enforcement rights are set out only in the definitive transaction documents.
Priority 01Senior acquisition financingFirst-ranking obligations and approved transaction costs
Priority 02YVH Acquisition Series No.1 (notes)Principal, interest and applicable redemption amounts
ResidualEquity / sponsor capitalSubordinated economic exposure
Security
Transaction-specific security arrangements, subject to perfection, priority and intercreditor terms.
LVR framework
Monitored against the valuation and financing parameters specified in the transaction documents.
Redemption
Expected from refinancing, asset realisation or another permitted source under the definitive documents.
04 / Investor process
From enquiry to allocation.
- 01
Confirm eligibility
Confirm wholesale or sophisticated investor status and jurisdictional eligibility.
- 02
Enter the data room
Review the information memorandum, note terms, security materials and due-diligence documents.
- 03
Independent assessment
Undertake your own financial, legal, tax and investment analysis with professional advisers.
- 04
Application and allocation
Submit definitive application documents. Acceptance and allocation remain at the Issuer’s discretion.
05 / Important risks
Understand the downside.
Investment in the Notes involves material risk. Investors may lose some or all of the amount invested. Security does not eliminate the risk of loss.
Credit & issuer risk +
The Issuer may be unable to pay interest, redemption amounts or principal when due.
Liquidity & transfer risk +
There may be no active secondary market and transfers may be restricted by the transaction documents and law.
Security & priority risk +
Security may be subject to prior-ranking claims, intercreditor arrangements, perfection issues and enforcement costs.
Acquisition & property risk +
Settlement, valuation, planning, market, development, counterparty and asset-realisation outcomes may differ from expectations.
Refinancing & redemption risk +
Refinancing or realisation may not occur on the expected timing or terms, affecting redemption.
Concentration risk +
The investment may have concentrated exposure to a limited number of assets, counterparties and transaction outcomes.
This summary is not exhaustive. Prospective investors must read the full risk disclosures in the definitive transaction documents and obtain independent advice.
06 / Due diligence
Review the complete investment case.
Eligible investors can request controlled access to the confidential transaction data room.
- 01Information memorandum
- 02Note terms and application documents
- 03Security and priority materials
- 04Valuation and transaction due diligence
- 05Financial model and sensitivity analysis
- 06Legal, planning and other reports