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Catamaran CLO 2013-1 Refinancing: 27 December 2017


The Issuer's investment portfolio consists primarily of bank loans and participation interests. The portfolio will be managed by Trimaran Advisors, L.L.C.

Trimaran is a New York based asset management firm that was established in 1998 to manage investments in leveraged loans, high yield securities, mezzanine investments and special situation investments. The Investment Manager is a wholly-owned portfolio company of KCAP Financial, Inc. and is an Affiliate of Katonah Debt Advisors, L.L.C. and Trimaran Advisors Management, L.L.C.

On the Original Closing Date, Catamaran CLO 2013-1 Ltd issued Class A Floating Rate Notes due 2025, Class B Floating Rate Notes due 2025, Class C Deferrable Floating Rate Notes due 2025, Class D Deferrable Floating Rate Notes due 2025, Class E Deferrable Floating Rate Notes due 2025, Class F Deferrable Floating Rate Notes due 2025, Subordinated Notes due 2025 and Preferred Shares.

On 20 December 2017 (the Refinancing Date), the Issuer will refinance the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes, the Class F Notes and the Preferred Shares. In addition, the Co-Issuers intend to issue Class X Floating Rate Notes due 2028. The Preferred Shares are being redeemed in full and reissued as Subordinated Notes. Additionally, on the Refinancing Date, the Issuer will issue Subordinated Notes due 2028