Trimaran prices $465 million Catamaran CLO 2013-1 transaction

By Cristal Cody

Tupelo, Miss., June 5 - Trimaran Advisors, LLC sold a $465 million collateralized loan obligation fund, upsized from initial estimates of $413.8 million, according to parent company KCAP Financial, Inc.

KCAP said it will invest about $9.5 million in the tranche of subordinated notes in the Catamaran CLO 2013-1 Ltd. deal.

Credit-Suisse Securities (USA) LLC was the underwriter.

Portfolio company Trimaran Advisors will manage the cash-flow CLO.

Additional pricing terms were not immediately available.

The deal is the second CLO fund that New York-based Trimaran has brought since it was acquired by KCAP Financial in February 2012.

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