Sound Point CLO XIV directed to redeem class A notes on Aug. 19

By Sarah Lizee

Olympia, Wash., Aug. 8 – Sound Point CLO XIV, Ltd. and Sound Point CLO XIV, LLC’s collateral manager directed the issuers to redeem their class A secured notes, according to a notice.

The notes would be redeemed using refinancing proceeds on Aug. 19 at a redemption price of $452,830,703.94, which reflects par plus accrued interest to and including the redemption date.

The class B-1, B-2, C, D, E notes and the subordinated notes will not be redeemed.

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

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

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