Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Catamaran CLO 2013-1 > News item |
Trimaran prices $465 million Catamaran CLO 2013-1 transaction
By Cristal Cody
Tupelo, Miss., June 5 - Trimaran Advisors, LLC sold a $465 million collateralized loan obligation fund, upsized from initial estimates of $413.8 million, according to parent company KCAP Financial, Inc.
KCAP said it will invest about $9.5 million in the tranche of subordinated notes in the Catamaran CLO 2013-1 Ltd. deal.
Credit-Suisse Securities (USA) LLC was the underwriter.
Portfolio company Trimaran Advisors will manage the cash-flow CLO.
Additional pricing terms were not immediately available.
The deal is the second CLO fund that New York-based Trimaran has brought since it was acquired by KCAP Financial in February 2012.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.