Sound Point Meridian Capital Inc. (NYSE: SPMC) has received a 'BBB' credit rating from Egan-Jones Ratings Company for its 7.875% Series B Preferred Shares due 2030. The rating is part of the company's recent underwritten public offering of 2 million shares priced at $25 each, with expected net proceeds of approximately $48.2 million. The offering is anticipated to close on July 15, 2025, and the shares will be listed on the NYSE under the symbol "SPME."
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