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Sound Point CLO VII manager, holders mull potential note redemption
By Sarah Lizee
Olympia, Wash., May 22 – Sound Point CLO VII, Ltd./Sound Point CLO VII, LLC said its collateral manager and some holders or beneficial owners of its subordinated notes have entered into discussions relating to the potential redemption of all classes of secured notes and the subordinated notes.
The notes would be redeemed on or after July 23 using sale proceeds.
Holders of the class A-R, B-R, C-R, D, E and F notes, as well as the subordinated notes, were notified.
U.S. Bank NA is the trustee.
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