Sound Point CLO IX cancels redemption of five classes of notes

By Marisa Wong

Morgantown, W.Va., July 19 – Sound Point CLO IX, Ltd. and Sound Point CLO IX, Inc. are withdrawing their previously announced refinancing redemption. The issuers had issued a redemption notice for their class A, class B-1, class B-2, class C and class D notes on July 6.

The secured notes were to be redeemed in full on July 20 at the following redemption prices, equal to par plus accrued interest:

• $327,198,589.07 for the $325 million of outstanding class A notes;

• $32,759,292.24 for the $32.5 million of outstanding class B-1 notes;

• $25,251,250.00 for the $25 million of outstanding class B-2 notes;

• $27,788,915.02 for the $27.5 million of outstanding class C notes; and

• $27,827,147.65 for the $27.5 million of outstanding class D notes.

U.S. Bank NA is trustee.

New York-based Sound Point Capital Management, LP is the collateral manager.

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