| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Sound Point CLO XIX, Ltd. > News item |
Sound Point CLO XIX to redeem, reprice class B-2 notes
By Taylor Fox
New York, Aug. 14 – Sound Point CLO XIX, Ltd. and Sound Point CLO XIX, LLC said the collateral manager expects to exercise its option to either direct a refinancing redemption of its class B-2 notes (Cusip: 83610JAE6, G8284JAC5) in whole or direct a repricing of the notes, according to a notice.
If a repricing is directed, the interest rate on the class B-2 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.
Sound Point Capital Management, LP, an asset management firm based in New York, 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.