CLO Calendar: Babson offers $412 million

On The Horizon

BABSON CLO 2014-II LTD.: $412 million CLO; BofA Merrill Lynch (placement agent); Babson Capital Management LLC (CLO manager); notes due October 2026; global asset manager based in Boston, Springfield, Mass., and Charlotte, N.C.

• $256 million of class A senior secured floating-rate notes (Aaa)

• $26 million of class B-1 senior secured floating-rate notes (Aa2)

• $25 million of class B-2 senior secured fixed-rate notes (Aa2)

• $21.75 million of class C deferrable floating-rate notes (A2)

• $19.25 million of class D deferrable floating-rate notes (Baa3)

• $20 million of class E deferrable floating-rate notes (Ba3)

• $8 million of class F deferrable floating-rate notes (B2)

• $36 million of subordinated notes

BLUEMOUNTAIN CAPITAL MANAGEMENT LLC: CLO transaction; Citigroup Global Markets Inc. (placement agent); BlueMountain Capital Management LLC (CLO manager); New York City-based private investment firm.

DRYDEN XXVII EURO CLO 2013 BV: Reopening; Barclays (deal arranger); Pramerica Investment Management Ltd.(CLO manager); transaction originally priced in 2013; London-based leveraged finance arm of Prudential Financial, Inc.

JMP GROUP INC.: $350 million-$400 million CLO; JMP Credit Advisors LLC (CLO manager); San Francisco-based investment banking and asset management firm.

KKR CLO 9 LTD./KKR CLO 9 LLC: $518 million CLO; Credit Suisse Securities (USA) LLC (placement agent); KKR Financial Advisors II, LLC (CLO manager); notes due 2026; subsidiary of KKR Asset Management, LLC.

• $306.25 million of class A senior secured floating-rate notes (Aaa//AAA)

• $67.75 million of class B senior secured floating-rate notes (Aa2)

• $23.5 million of class C senior secured deferrable floating-rate notes (A2)

• $32.5 million of class D senior secured deferrable floating-rate notes (Baa3)

• $33.75 million of class E senior secured deferrable floating-rate notes (Ba3)

• $54.25 million of subordinated notes

NEWMARK CAPITAL FUNDING 2014-2 CLO LTD./NEWMARK CAPITAL FUNDING 2014-2 CLO LLC: $400 million CLO; Jefferies LLC (placement agent); NewMark Capital Management, LLC (CLO manager); notes due 2026; affiliate of HillMark Capital Management, LP.

• $195.75 million of class A-1 floating-rate notes (/AAA/)

• $15 million of class A-2A floating-rate notes (/AAA/)

• $2.25 million of class A-2B floating-rate notes (/AAA/)

• $28 million of class A-F fixed-rate notes (/AAA/)

• $5 million of class A-X floating-rate notes (/AAA/)

• $27 million of class B-1 floating-rate notes (/AA/)

• $24 million of class B-F fixed-rate notes (/AA/)

• $26 million of class C deferrable floating-rate notes (/A/)

• $20 million of class D deferrable floating-rate notes (/BBB/)

• $20 million of class E deferrable floating-rate notes (/BB-/)

• $37 million of subordinated notes

NORTHWOODS CAPITAL XII LTD./NORTHWOODS CAPITAL XII LLC: $615.8 million CLO; Goldman Sachs & Co. (placement agent); Angelo, Gordon & Co., LP (CLO manager); notes due Sept. 15, 2026; New York City-based alternative investment manager.

• $376.2 million of class A floating-rate notes (/AAA/)

• $69.6 million of class B floating-rate notes (/AA/)

• $52.2 million of class C deferrable floating-rate notes (/A/)

• $30 million of class D deferrable floating-rate notes (/BBB/)

• $28.8 million of class E deferrable floating-rate notes (/BB/)

• $59 million of subordinated notes

REDAN PARK ASSET MANAGEMENT LLC: $300 million CLO; C&Co/PrinceRidge LLC (placement agent); asset management firm owned by New York hedge fund Mead Park Holdings LP and Puerto Rico-based Doral Financial Corp.

SILVER SPRING CLO LTD./SILVER SPRING CLO LLC: $413 million CLO; Barclays (placement agent); Silvermine Capital Management LLC (CLO manager); notes due Oct. 15, 2026; Stamford, Conn.-based employee-owned asset management firm; closes on Sept. 10.

• $258 million of class A floating-rate notes (//AAA)

• $36.9 million of class B-1 floating-rate notes

• $10 million of class B-2 fixed-rate notes

• $6.1 million of class C-1 floating-rate notes

• $15 million of class C-2 fixed-rate notes

• $22.7 million of class D floating-rate notes

• $20.7 million of class E floating-rate notes

• $4.1 million of class F floating-rate notes

• $39.5 million of subordinated notes

TELOS CLO 2014-6, LTD.: CLO offering; $140 million CLO credit facility; Telos Asset Management LLC (CLO manager); subsidiary of New York-based Tiptree Financial Inc.

VENTURE XVIII CLO, LTD./VENTURE XVIII CLO LLC: $618.2 million CLO; RBC Capital Markets, LLC (placement agent); MJX Asset Management LLC (CLO manager); notes due Oct. 15, 2026; New York City-based asset management firm.

• $271 million of class A notes (//AAA)

• $100 million of class A loans (//AAA)

• $69 million of class B notes

• $51 million of class C notes

• $33 million of class D notes

• $65.2 million of class E notes

• $65.2 million of subordinated notes

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