CIFC Completes $614.1 Million Collateralized Loan Obligation ("CLO")
NEW YORK, March 19, 2015 /PRNewswire/ -- CIFC Corp. (NASDAQ: CIFC) and its subsidiaries (collectively "CIFC" or the "Company") announced the closing of a new CIFC-managed CLO, CIFC Funding 2015-I, LTD., representing $614.1 million of par value of notes and approximately $600 million of new Assets Under Management ("AUM"). The transaction was led by BNP Paribas and supported by twenty three institutional investors, including some first time investors with CIFC.
Since 2012, CIFC has sponsored fourteen CLOs raising $8.0 billion in new AUM. Oliver Wriedt, CIFC's Co-President said, "This deal marks our second successful transaction with BNP Paribas. Our joint marketing efforts allowed us to secure new investors across the capital structure including investment partners in Japan, Korea and Singapore."
About CIFC
CIFC is a fundamentals-based, relative value credit manager with $13.7 billion of loan based AUM at December 31, 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, 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.
Logo - http://photos.prnewswire.com/prnh/20111114/NY06218LOGO
SOURCE CIFC Corp.
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article