Sound Point CLO VII directed to redeem all secured notes on July 23

By Sarah Lizee

Olympia, Wash., June 25 – Sound Point CLO VII, Ltd./Sound Point CLO VII, LLC received direction from its collateral manager to redeem each class of secured notes from sale proceeds, according to a notice.

The following will be redeemed on July 23 at par plus accrued interest:

• $315 million of class A-R notes for a redemption price of $317,915,517.15;

• $62.5 million of class B-R notes for a redemption price of $63,149,569.38;

• $32.5 million of class C-R notes for a redemption price of $32,891,175.38;

• $28.75 million of class D notes for a redemption price of $29,183,248.09;

• $21.25 million of class E notes for a redemption price of $21,637,370.95; and

• $6.25 million of class F notes for a redemption price of $6,376,571.52.

U.S. Bank NA is the trustee.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.