Beach Point Completes Reset of $400 Million Sandstone Peak II Collateralized Loan Obligation

SANTA MONICA, Calif., July 24, 2025 /PRNewswire/ -- Beach Point CLO Management LLC, an affiliate of Beach Point Capital Management LP (collectively "Beach Point"), today announced that it completed a reset of Sandstone Peak II Ltd., Beach Point's second Collateralized Loan Obligation (CLO), with a target par of $400 million. As part of the reset, the reinvestment period was extended to July 20, 2030, with a 2-year non-call period extended to July 20, 2027.

Beach Point Portfolio Manager and Head of Liquid Credit Sinjin Bowron said, "We are excited to announce the successful completion of this reset. In today's evolving market, we believe CLOs offer attractive opportunities, particularly for those investors who prioritize credit selection and risk management. We are committed to leveraging the increased structural efficiency of Sandstone Peak II as we aim to further enhance value and performance across our CLO platform."

Beach Point manages three CLOs totaling over $1.25 billion and has been an active investor in leveraged loans since its inception in 2009.

About Beach Point

Beach Point is a multi-strategy investment manager specializing in credit-related investments. As of June 30, 2025, Beach Point manages approximately $19.9 billion in AUM on behalf of a predominantly institutional client base. Headquartered in Santa Monica, CA, Beach Point also has offices in New York, London and Dublin. For more information, visit https://beachpoint.capital

Press Contact
Beach Point Capital Management LP
Prosek Partners
Josh Clarkson
203.273.7935 / jclarkson@prosek.com

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SOURCE Beach Point Capital