Sound Point CLO I to redeem five classes of secured notes on July 20

By Tali Rackner

Minneapolis, July 10 – Sound Point CLO I, Ltd./Sound Point CLO I, Inc. was directed by a majority of holders of its subordinated notes to redeem five classes of secured notes, according to a filing with the London Stock Exchange.

The notes will be redeemed in whole on July 20 at par plus accrued interest. The total redemption prices are as follows:

• $10,264,691.40 for the class A notes;

• $37,108,226.77 for the class B notes;

• $34,382,987.35 for the class C notes;

• $19,275,497.90 for the class D notes; and

• $16,798,474.01 for the class E notes.

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

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

© 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.