KCAP Financial prices $56 million additional notes under CLO deal

By Marisa Wong

Madison, Wis., Nov. 26 – KCAP Financial, Inc. priced an offering of $42.1 million of additional secured notes and $13.9 million of additional subordinated notes under the accordion feature of its collateralized loan obligation transaction that originally closed on June 18, 2013.

KCAP priced the additional notes on Nov. 21, according to an 8-K filing with the Securities and Exchange Commission.

The transaction is expected to close on Dec. 8.

The closed-end investment company is based in New York.

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