The $35.83 million equity portion for CIFC Deerfield’s $450 million collateralized loan obligation (CLO) is fully subscribed, Reuters reports. The CLO, called the CIFC Funding 2011-I, is being marketed by Citigroup since June.
The CLO has a final maturity of 12 years, with a non-call period of 1.5 years and a reinvestment period of four years. Until now, 45% of the portfolio’s assets have been bought. The CLO is being sold in seven tranches.
Click here for the story from Reuters.