Sound Point Capital Management is back on the collateralized loan obligation scene with a $500 million deal, according to a presale report published by Fitch Ratings.

Net proceeds from the deal, Sound Point CLO VI, will be used to purchase a portfolio of primarily leveraged loans.  The indicative portfolio includes 125 loans from 118 high-yield obligors, and consists of 98.6% first lien, senior secured loans.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.