Reported Earlier, Sound Point Meridian Secures $100M Net Asset Value Credit Facility With CIBC
Borrowings under the CIBC Credit Facility may be utilized for the Company's investment activities, working capital and general corporate purposes. Borrowings under the CIBC Credit Facility will bear interest at either (i) term SOFR plus a margin of 3.75% per annum, or (ii) the alternate base rate plus a margin of 2.75% per annum.