Investment Banking
Lead Left Bookrunner for Sound Point Meridian Capital, Inc.
December 05, 2024
Oppenheimer & Co. Inc. acted as Lead Left Bookrunner for Sound Point Meridian Capital, Inc. (NYSE: SPMC) on its $50.0 Million Offering of 8.00% Preferred Shares due 2029
Oppenheimer & Co. Inc. acted as Lead Left Bookrunner for Sound Point Meridian Capital, Inc. ("SPMC" or the "Company") on its $50.0 Million Offering of 8.00% Series A Preferred Shares due 2029. The term preferred shares were offered at $25 per share and proceeds from the offering will be used by the Company to make investments in accordance with its investment strategy and for general corporate purposes.
Sound Point Meridian Capital, Inc. is a newly organized, externally managed, non-diversified closed-end management investment company that invests primarily in third-party CLO equity and mezzanine tranches of predominately U.S. dollar denominated CLOs backed by corporate leveraged loans. SPMC's investment objective is to generate high current income, as well as generate capital appreciation.
Name:
Gilbert Dychiao
Title:Head of Financial Institutions
Name:
Cliff Booth
Title:Managing Director, Head of FIG Specialty Finance
Name:
JD Nelson
Title:Managing Director, Specialty Finance
Name:
Adam Markiewicz
Title:Director
Name:
Ethan MacKenzie
Title:Analyst
Name:
Avery Sahm
Title:Analyst
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