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Sound Point Capital Management looks to refinance three classes from Sound Point CLO XXII
Chicago, Jan. 19 – Sound Point Capital Management LP is contemplating a refinancing of three classes of notes from its Sound Point CLO XXII, Ltd. transaction, according to a market source.
The issuer will sell class A-R2 senior secured floating-rate notes, class B-R2 senior secured floating-rate notes and class C-R2 mezzanine secured deferrable floating-rate notes.
Proceeds from the new notes will be used to redeem the class A-R, class B-R and class C-R notes.
The CLO also has class D-R notes and class E-R notes which are not listed as part of the refinancing transaction.
Sound Point Capital is an asset management firm based in New York.
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