Beach Point Completes Partial Refinancing of Sandstone Peak III Collateralized Loan Obligation
SANTA MONICA, CA, April 24, 2026 – Beach Point CLO Management LLC, an affiliate of Beach Point Capital Management LP (collectively “Beach Point”), today announced that it executed a partial refinancing of Sandstone Peak III Ltd., Beach Point’s 2024 vintage Collateralized Loan Obligation (“CLO”), which resulted in a 39 basis point reduction on liabilities. As part of the refinancing, investors agreed to a one-year non-call period. Beach Point Portfolio Manager and Head of Performing Credit, Sinjin Bowron, said:
“The refinancing our 2024 vintage CLO resulted in the tightest overall weighted average cost of capital to date across our CLO platform, in an oversubscribed deal that welcomed six new debt investors to the platform. Following the momentum of the recent reset of our 2021 vintage in February, we are grateful for the continued support of our investors and remain excited by the opportunities ahead.”
Beach Point was recently named Best US Boutique CLO Manager at the 2026 Creditflux Manager Awards, which recognize the year’s best CLOs, top-performing CLO managers, and outstanding CLO funds. Beach Point manages four CLOs totaling over $1.6 billion and has been an active investor in leveraged loans since its inception in 2009. The partial refinancing of Sandstone Peak III Ltd. marks the firm’s 40th securitization since 2015.
About Beach Point
Beach Point Capital is a global alternative investment manager focused on opportunities across the credit spectrum. The firm’s integrated platform spans Performing Credit, Opportunistic Credit, Structured Credit & Asset-Based Finance, and Private Credit, investing in high yield bonds, senior loans, CLO origination, securitized credit, direct lending, real estate credit, as well as hybrid and flexible capital solutions. Founded in 2009, Beach Point is employee-owned and manages over $20 billion in assets on behalf of a predominantly institutional client base, with offices in Los Angeles, New York, London, and Dublin. For more information, please visit www.beachpoint.capital.com.
Award Disclosure: The 2026 Creditflux CLO Manager Awards, announced April 21, 2026, are based on Creditflux’s analysis of 2025 CLO performance and other quantitative data, including metrics derived from CLO trustee reports, for eligible managers. For the “Best US Boutique CLO Manager” category, eligibility is limited to managers overseeing no more than five active US BSL CLOs. Beach Point did not provide any compensation to Creditflux in connection with consideration for this award. After the award was announced, Beach Point paid a one-time fee to Creditflux to publicize the award, including use of the associated award logo. Awards and/or rankings are not representative of actual client experiences or outcomes, do not constitute an endorsement or recommendation of Beach Point or its services, and are not indicative of any future performance. For more detailed information, specific award categories, or to view the finalists and winners, please visit www.creditflux.com.