CLO refinancing supply steady; Napier Park Global, Kramer Van Kirk, JMP refinance CLOs

By Cristal Cody

Tupelo, Miss., March 16 – Details emerged on three more refinanced U.S. transactions as the CLO refinancing pace remained steady year to date.

Napier Park Global Capital LLC refinanced $406.3 million of notes from a vintage 2014 CLO.

Kramer Van Kirk Credit Strategies LP refinanced $334.4 million of notes from a 2013 CLO.

JMP Credit Advisors LLC refinanced $332.1 million of notes in the 2014 JMP Credit Advisors CLO III Ltd./JMP Credit Advisors CLO III LLC transaction.

More than $32 billion of CLOS have been refinanced year to date, while about $14 billion of new CLOs have priced.

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