Sound Point CLO XIV manager, holders discuss secured note redemption

By Marisa Wong

Morgantown, W.Va., July 19 – Sound Point CLO XIV, Ltd. and Sound Point CLO XIV, LLC’s collateral manager and holders or beneficial owners of its subordinated notes have entered into discussions relating to a potential redemption of one or more classes of secured notes, according to a notice.

The notes would be redeemed using refinancing proceeds on or after Aug. 12.

Holders of the class A, B-1, B-2, C, D and E notes and the subordinated notes were notified.

Bank of New York Mellon Trust Co., NA is trustee.

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