KCAP Financial, Inc. Announces Pricing of a $463.8 Million CLO Fund to be Managed by Trimaran Advisors Management, L.L.C.
31 März 2015 - 11:09PM
KCAP Financial, Inc. ("KCAP") (Nasdaq:KCAP) (NYSE:KAP) announced
that Catamaran CLO 2015-1 Ltd., a $463.8 million Collateralized
Loan Obligation ("CLO") fund has priced. Trimaran Advisors
Management, L.L.C., a wholly owned portfolio company of KCAP, will
serve as the investment manager for the CLO and KCAP will invest
approximately $12 million across certain junior tranches of notes
issued by the fund. This is the fifth CLO fund brought to the
market since KCAP's acquisition of Trimaran Advisors, L.L.C. in
February of 2012.
About KCAP Financial, Inc.
KCAP Financial, Inc. is a publicly traded, internally managed
business development company. The Company's middle market
investment business originates, structures, finances and manages a
portfolio of term loans, mezzanine investments and selected equity
securities in middle market companies. The Company's wholly owned
portfolio companies, Katonah Debt Advisors, L.L.C. and Trimaran
Advisors, L.L.C. (the "Asset Manager Affiliates"), manage
collateralized debt obligation funds ("CLO Funds") that invest in
broadly syndicated corporate term loans, high-yield bonds and other
credit instruments. The Company also invests in securities issued
by CLO Funds, most of which are managed by our Asset Manager
Affiliates.
The KCAP Financial, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3121
Forward-Looking Statements
This press release contains certain forward-looking statements.
Words such as "believes," "intends," "expects," "projects,"
"anticipates," and "future" or similar expressions are intended to
identify forward-looking statements. These forward-looking
statements are subject to the inherent uncertainties in predicting
future results and conditions. Certain factors could cause actual
results to differ materially from those projected in these
forward-looking statements, and these factors are identified from
time to time in the Company's filings with the SEC. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
KCAP Financial, Inc.'s filings with the Securities and Exchange
Commission, earnings releases, press releases and other financial,
operational and governance information are available on its website
at www.kcapfinancial.com.
KCAP-G
CONTACT: Investor Relations
Jamie Lillis
jlillis@soleburyir.com
(203) 428-3223
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