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Sound Point Meridian Capital, Inc. ( (SPMC) ) has issued an update.
On August 6, 2025, Sound Point Meridian Capital, Inc. amended its Credit Agreement with Canadian Imperial Bank of Commerce, extending the maturity date to August 4, 2028, and increasing the facility size to $150 million. The amendment also adjusts prepayment terms and commitment fee calculations, impacting the company’s financial operations and flexibility.
The most recent analyst rating on (SPMC) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Sound Point Meridian Capital, Inc. stock, see the SPMC Stock Forecast page.
More about Sound Point Meridian Capital, Inc.
Sound Point Meridian Capital, Inc. is a closed-end management investment company registered under the Investment Company Act of 1940. The company operates within the financial services industry, focusing on investment management.
Average Trading Volume: 23,561
Technical Sentiment Signal: Buy
Learn more about SPMC stock on TipRanks’ Stock Analysis page.