CLOs First Priority for CIFC Deerfield Corp

Sibayan, Karen
April 2011
High Yield Report;4/18/2011, Vol. 22 Issue 16, p21
The article reports on the plan of CIFC Deerfield Corp., a company formed by the merger of Deerfield Capital Corp. and Commercial Industrial Finance Corp. (CIFC), to create a collateralized loan obligation (CLO). Deerfield chief executive officer (CEO) Peter Gleysteen points out that the timing of the company is good because of positive investor interest. Some factors that may affect the CLO market include reduced level of investor capacity and rule requiring CLO managers to retain a 5 percent interest in their funds.


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