KKR Financial Holdings has delevered four of its CLOs to boost liquidity, and the company projects a quarterly profit, it said Tuesday.

KKR Financial sold some of its own higher-priced holdings in CLO 2009-1 on the secondary loan market and used the proceeds to repay investors in the CLO’s senior notes. It retired the entire tranche of senior notes, which at the end of March totaled $561 million.

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