Strong CLO refinancing pace continues; CIFC, Sound Point Capital, Onex refinance CLOs

By Cristal Cody

Tupelo, Miss., April 11 – Three more CLO managers returned to the CLO market to refinance vintage deals as refinancing action continues to remain strong in 2017.

CIFC Asset Management LLC refinanced $492.5 million of notes from a 2014 transaction.

Sound Point Capital Management LP priced $492 million of notes in a refinancing of a 2014 CLO.

Also, Onex Credit Partners, LLC refinanced a vintage 2013 CLO offering.

Nearly $59 billion of CLOs have been refinanced and repriced year to date, according to J.P. Morgan Securities LLC.

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