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Sound Point CLO X directed to redeem six classes of secured notes
By Tali Rackner
Minneapolis, Jan. 31 – Sound Point CLO X, Ltd./Sound Point CLO X, Inc. received direction to redeem six classes of secured notes, according to a notice from trustee Deutsche Bank Trust Co. Americas.
The following will be redeemed at par plus accrued interest by Feb. 16:
• $250 million of class A-1 notes;
• $42.5 million of class A-2 notes;
• $49.5 million of class B notes;
• $27 million of class C notes;
• $22.5 million of class D notes; and
• $22.5 million of class E notes.
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