KCAP Financial, Inc. Announces the Pricing of a $695.8 Million Reset and Upsized CLO Fund Managed by Trimaran Advisors, L.L.C...
October 16 2017 - 5:45PM
KCAP Financial, Inc. (“KCAP”) (Nasdaq:KCAP) announced that Trimaran
Advisors, L.L.C., a wholly-owned portfolio company of KCAP, will
serve as the investment manager for the $695.8 million reset and
upsized Catamaran CLO 2014-1 Ltd, originally a $467.9 million
collateralized loan obligation fund. An affiliate of the investment
manager is expected to retain a vertical strip to comply with U.S.
risk retention.
About KCAP Financial, Inc.
KCAP Financial, Inc. is a publicly traded,
internally managed business development company. KCAP’s middle
market investment business originates, structures, finances and
manages a portfolio of term loans, mezzanine investments and
selected equity securities in middle market companies. KCAP’s
wholly-owned portfolio companies, including Trimaran Advisors,
L.L.C. and other affiliates, manage collateralized debt obligation
funds that invest in broadly syndicated corporate term loans, and
other credit instruments.
KCAP Financial, Inc.'s filings with the Securities
and Exchange Commission, earnings releases, press releases and
other financial, operational and governance information are
available on its website at www.kcapfinancial.com.
KCAP-G
CONTACT:
Ted GilpinGilpin@kcapinc.com(212) 455-8300
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