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Sound Point CLO VII manager directs redemption of all secured notes
By Sarah Lizee
Olympia, Wash., June 5 – Sound Point CLO VII, Ltd./Sound Point CLO VII, LLC received direction from its collateral manager to redeem each class of secured notes on July 23, according to a notice.
The notes would be redeemed using sale proceeds.
U.S. Bank NA is the trustee.
New York-based Sound Point Capital Management, LP is the collateral manager.
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