CIFC Completes $510.5 Million Collateralized Loan Obligation (“CLO”)
24 Novembre 2015 - 11:45PM
CIFC Corp. (NASDAQ:CIFC) and its subsidiaries (collectively “CIFC”
or the “Company”) announced the closing of a new CIFC-managed CLO,
CIFC Funding 2015-V, Ltd., representing $510.5 million of par value
of notes and approximately $500.0 million of new assets under
management. The transaction was led by Credit Suisse Securities
(USA) LLC and supported by 14 institutional investors, five of
which were first-time investors with CIFC.
Since 2012, CIFC has been a regular issuer of
CLOs and has raised approximately $10 billion of assets under
management across 18 transactions. Matt Andrews, Head of
Structured Products at CIFC said “We are very appreciative of the
continued support that our banking partners, including Credit
Suisse, and our investors have given our CLO program this
year. We are very excited to have closed our fifth CLO of
2015.”
About CIFCFounded in 2005, CIFC
is a private debt manager specializing in secured U.S. corporate
loan strategies with approximately $14.2 billion of assets under
management as of September 30, 2015. CIFC is an SEC-registered
investment adviser headquartered in New York City. For more
information, please visit CIFC's website at www.cifc.com.
Certain statements in this press release are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These include statements regarding future results or
expectations. Forward-looking statements can be identified by
forward-looking language, including words such as "believes,"
"anticipates," "expects," "estimates," "intends," "may," "plans,"
"projects," "will" and similar expressions, or the negative of
these words. Such forward-looking statements are based on facts and
conditions as they exist at the time such statements are made,
various operating assumptions and predictions as to future facts
and conditions, which may be difficult to accurately make and
involve the assessment of events beyond CIFC's control. Caution
must be exercised in relying on forward-looking statements. The
forward-looking statements in this release are subject to risks and
uncertainties, and the other risks related to CIFC's business that
are described in its annual report on Form 10-K. The
forward-looking statements contained in this press release are made
as of the date hereof, and CIFC undertakes no obligation to update
any forward-looking statement to reflect subsequent events, new
information or circumstances arising after the date hereof.
CONTACT: Investor Relations at InvestorRelations@cifc.com or +1 (212)-624-1420
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