KCAP Financial, Inc. Announces the Refinancing of Catamaran CLO 2015-1 Ltd. managed by Trimaran Advisors Management, L.L.C.
December 21 2017 - 2:07PM
KCAP Financial, Inc. (“KCAP”) (Nasdaq:KCAP) announced that Trimaran
Advisors Management, L.L.C., a wholly-owned portfolio company of
KCAP, has refinanced the majority of the capital structure of
Catamaran CLO 2015-1 Ltd, a $463.8 million collateralized loan
obligation fund. An affiliate of the investment manager is
expected to retain a vertical strip of the refinanced securities 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
Source: KCAP Financial, Inc.
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