Sound Point CLO XVIII to redeem, reprice class A-2B notes

By Taylor Fox

New York, Aug. 14 – Sound Point CLO XVIII, Ltd. and Sound Point CLO XVIII, LLC’s collateral manager expects to exercise its option to either direct a refinancing redemption of its class A-2B notes (Cusip: 83609TAJ6, G8285GAE6) in whole or direct a repricing of the notes, according to an announcement.

If a repricing is directed, the interest rate on the class A-2B notes will be reduced to a level lower than the rate of interest that would have been payable over the expected remaining life of the notes.

Citibank NA is the trustee.

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