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Sound Point Meridian Announces $100 Million “Net Asset Value” Credit Facility with Canadian Imperial Bank of Commerce
Jul 09, 2024•almost 2 years ago
Contract Type
agreement
New YorkFinancial ServicesFinanceAngel InvestmentDescription
Sound Point Meridian Capital, Inc. announced that it has entered into a $100 million “net asset value” revolving credit facility with Canadian Imperial Bank of Commerce (CIBC). The credit facility may be increased up to $125 million and is secured by a first-priority perfected security interest in substantially all assets of the Company.
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