NEW YORK, Nov. 24, 2015 (GLOBE NEWSWIRE) — 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 CIFC
Founded 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.
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