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Sound Point CLO VIII holders, manager mull secured debt redemption
By Sarah Lizee
Olympia, Wash., March 6 – Sound Point CLO VIII, Ltd./Sound Point CLO VIII, Inc. said some holders or beneficial owners of its subordinated notes and the collateral manager have entered into discussions relating to a potential redemption of all classes of secured debt.
The debt would be redeemed using refinancing proceeds on or after April 15, according to a notice.
Holders of the class A-R, B-R, C-R, D-R, E and F notes and the subordinated notes were notified.
U.S. Bank NA is the trustee.
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