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Sound Point CLO X directed to redeem six classes of notes on June 19
By Sarah Lizee
Olympia, Wash., June 8 – Sound Point CLO X, Ltd./Sound Point CLO X, Inc. received direction from its collateral manager to redeem six classes of secured notes in whole from refinancing proceeds on June 19, according to a notice.
The following will be redeemed at par plus accrued interest to the redemption date:
• $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.
The subordinated notes will not be redeemed on the redemption date.
Deutsche Bank Trust Co. Americas is the trustee.
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