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KKR Financial (KFN) closes a $519M CLO, named KKR Financial CLO 2013-1, Ltd, with Citigroup the...

KKR Financial (KFN) closes a $519M CLO, named KKR Financial CLO 2013-1, Ltd, with Citigroup the lead initial purchaser and placement agent. Proceeds will be used to finance a portfolio of senior loans. The company notes issuance comes at a good time - the recent "market volatility" should allow the purchase of assets at more attractive levels. (PR)
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