Beach Point Completes Majority Refinancing of $450M Sandstone Peak CLO 

Beach Point CLO Management LLC, an affiliate of Beach Point Capital Management LP, completed a majority refinancing of Sandstone Peak Ltd., Beach Point’s first Collateralized Loan Obligation (CLO), with a target par of $450 million. As part of the refinancing, the non-call period was extended to January 15, 2026, for the Class A-1 shares, and October 15, 2026, for the Class A-2, B-1 and D shares. 

“In our view, the CLO market is attractive right now, particularly for investors who emphasize bottom-up credit analysis with a focus on downside protection. We look forward to continuing to build on the strong momentum of this deal in our entire CLO platform,” said Beach Point portfolio manager and head of high yield and leveraged loan strategies, Sinjin Bowron. 

Santa Monica-based Beach Point manages three CLOs totaling over $1.25 billion. The majority refinancing of Sandstone Peak Ltd. marks Beach Point’s first completed CLO refinancing. Beach Point has been an active investor in leveraged loans since its inception in 2009. 

The multi-strategy investment manager oversees approximately $17 billion in assets under management within private equity, credit, real estate and structured product investments.