debt
confidence high
sentiment neutral
materiality 0.40
Sound Point Meridian enters $100M revolving credit facility with CIBC
Sound Point Meridian Capital, Inc.
- $100M revolving facility secured by substantially all assets; accordion allows increase to $125M.
- Borrowings bear interest at Term SOFR + 3.75% or alternate base rate + 2.75% per annum.
- Facility matures July 8, 2026, extendable up to 364 days.
- Proceeds used for investment activities, working capital, and general corporate purposes.
- CICB acts as lender and administrative agent.