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Sound Point CLO VII directed to redeem all secured notes on Oct. 23
By Wendy Van Sickle
Columbus, Ohio, Sept. 28 – 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 Oct. 23 at par plus accrued interest:
• $315 million of class A-R notes for a redemption price of $317,935,883.30;
• $62.5 million of class B-R notes for a redemption price of $63,154,391.53;
• $32.5 million of class C-R notes for a redemption price of $32,894,269.71;
• $28.75 million of class D notes for a redemption price of $29,186,943.71;
• $21.25 million of class E notes for a redemption price of $21,640,840.34; and
• $6.25 million of class F notes for a redemption price of $6,377,730.82.
U.S. Bank NA is the trustee.
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