OZLM XIV CLO and CIFC Funding 2016-1 refinance in CLO market Friday

Chicago, Sept. 13 – Two vintage portfolios repriced in the Friday CLO market in a day with no truly new paper surfacing.

CIFC Funding 2016-I Ltd./CIFC Funding 2016-I LLC reset a vintage transaction for $514.35 million, managed by CIFC CLO Management LLC.

And, refinancing five classes of notes OZLM XIV, Ltd./OZLM XIV LLC priced $396 million with the new name of its collateral manager Sculptor Loan Management LP, formerly known as Och-Ziff.

Secondary volume trading numbers increased throughout the latter part of the week.

Friday’s volume for secondary trading for the CBO/CDO/CLO market was in line with previous numbers for the investment grade sector, but the highest in the month for the non-investment grade sector.

High grade trading, according to Trace data, was at $228.01 million with an average price of 98.8.

The non-investment grade sector was $1,001,917,200 at an average price of 85.7.

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