Sound Point Meridian Capital Files 8-K

TL;DR

Sound Point Meridian Capital filed an 8-K on 7/11 for a material agreement on 7/8.

AI Summary

Sound Point Meridian Capital, Inc. filed an 8-K on July 11, 2024, reporting a material definitive agreement entered into on July 8, 2024. The filing also includes other events and financial statements/exhibits. The company is incorporated in Delaware and its principal executive offices are located at 375 Park Avenue, New York, NY.

Why It Matters

This 8-K filing indicates a significant event or agreement for Sound Point Meridian Capital, Inc., which could impact its business operations or financial standing.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report of a material event and does not inherently suggest immediate financial risk.

Key Players & Entities

• Sound Point Meridian Capital, Inc. (company) — Registrant
• July 8, 2024 (date) — Date of earliest event reported
• July 11, 2024 (date) — Date of report
• 375 Park Avenue, 34th Floor, New York, New York 10152 (location) — Address of Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share SPMC New York Stock Excha
• $100 m — s the Company initially to borrow up to $100 million, subject to certain restrictions,
• $25 m — provide additional commitments of up to $25 million, thereby increasing the maximum f
• $125 million — increasing the maximum facility size to $125 million. The CIBC Credit Facility is secured by

Filing Documents

• soundpoint_8k.htm (8-K) — 31KB
• soundpoint_ex10-1.htm (EX-10.1) — 824KB
• soundpoint_ex99-1.htm (EX-99.1) — 7KB
• 0001829126-24-004727.txt ( ) — 1183KB
• spmc-20240708.xsd (EX-101.SCH) — 3KB
• spmc-20240708_lab.xml (EX-101.LAB) — 33KB
• spmc-20240708_pre.xml (EX-101.PRE) — 22KB
• soundpoint_8k_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement. On July 8, 2024, Sound Point Meridian Capital, Inc., a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the "Company"), entered into a Credit Agreement (the "CIBC Credit Facility") with the lenders from time to time party thereto and Canadian Imperial Bank of Commerce ("CIBC"), as administrative agent (in such capacity, the "Administrative Agent"). Proceeds of the CIBC Credit Facility may be used for working capital and for general corporate purposes. The CIBC Credit Facility allows the Company initially to borrow up to $100 million, subject to certain restrictions, including availability under a borrowing base, which is based upon the value of the eligible portfolio investments, and the Company's compliance with minimum loan-to-value ("LTV") ratio. The amount of permissible borrowings under the CIBC Credit Facility may be increased through an uncommitted accordion feature through which existing and/or new lenders may, at their option, agree to provide additional commitments of up to $25 million, thereby increasing the maximum facility size to $125 million. The CIBC Credit Facility is secured by a perfected first-priority interest in substantially all assets of the Company, including, without limitation, all eligible portfolio investments of the Company, subject to certain exceptions. The CIBC Credit Facility will mature on July 8, 2026 (and may be extended for up to 364 days pursuant to the terms therein) (the "Maturity Date") and the availability period with respect to the credit facility under the CIBC Credit Facility will terminate on the earliest of the Maturity Date, the termination in full of the commitments by the Company, or the termination of the commitments by each Lender upon the occurrence and during the continuance of any event of default. Upon the occurrence of certain material events, including, but not

01

Item 8.01 Other Events. On July 9, 2024, the Company issued a press release in connection with the CIBC Credit Facility.

Financial Statements and Exhibits

Financial Statements and Exhibits 10.1 Credit Agreement, dated as of July 8, 2024, among the Company, the lenders party thereto and Canadian Imperial Bank of Commerce, as administrative agent 99.1 Press Release, dated July 9, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Sound Point Meridian Capital, Inc. Date: July 11, 2024 By: /s/ Ujjaval Desai Name: Ujjaval Desai Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR