CIFC Completes $559.9 Million Collateralized Loan Obligation ("CLO")

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Dec 30, 2014, 04:19 ET

NEW YORK, Dec. 30, 2014 /PRNewswire/ -- CIFC Corp. (NASDAQ: CIFC) and its subsidiaries (collectively "CIFC" or the "Company") announced the closing of a new CIFC-managed CLO, CIFC Funding 2014-V, LTD., representing $559.9 million of par and approximately $550 million of new Assets Under Management ("AUM"). The transaction was led by RBC Capital Markets, LLC and supported by fourteen institutional investors, including some first time investors with CIFC.

CIFC has sponsored five CLOs this year, raising $3.3 billion in new AUM. Oliver Wriedt, CIFC's Co-President said, "Strong investor interest, among other factors, allowed the Company to upsize each fund from its initial target capital raise."

The five CLOs benefited from attractive warehouse facilities provided by the arranging banks that enabled the Company to aggregate up to 50% of collateral pre-pricing.

About CIFC
CIFC is a fundamentals-based, relative value credit manager with $13.3 billion of loan based AUM at September 30, 2014. Headquartered in New York, CIFC is an SEC registered investment adviser and a publicly traded company (NASDAQ: CIFC). We currently serve over 250 institutional investors globally. 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 and on 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, including the 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.

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SOURCE CIFC Corp.