CLO Calendar: ECP CLO 2014-6 Ltd. to price about $850 million offering

On The Horizon

ECP CLO 2014-6 LTD./ECP CLO 2014-6 LLC: about $850 million CLO; manager Silvermine Capital Management LLC; proceeds to purchase about $850 million of leveraged loans.

• $516.7 million of class A-1a floating-rate notes (//AAA)

• $29 million of class A-1b floating-rate notes (//AAA)

OCTAGON LOAN FUNDING LTD./LLC: about $400 million CLO; manager Octagon Credit Investors Silvermine Capital Management LLC; proceeds to purchase about $400 million of mostly senior secured leveraged loans.

• $2.5 million of class X notes (//AAA)

• $202 million of class A-1 floating-rate notes (//AAA)

• $50 million of class A-2 notes (//AAA)

ALCENTRA LTD.: €414 million CLO; Morgan Stanley & Co. International plc (placement agent); London-based global asset management firm.

BLACK DIAMOND CLO 2014-1, LTD.: $411.75 million CLO; J.P. Morgan Securities LLC (placement agent); Black Diamond CLO 2014-1 Adviser, LLC (CLO manager); notes due 2026; affiliate of alternative asset manager Black Diamond Capital Management, LLC; closes on Oct. 8.

• $247.1 million of class A-1 senior secured floating-rate notes (Aaa)

• $44.3 million of class A-2 senior secured floating-rate notes

• $37.8 million of class B senior secured deferrable floating-rate notes

• $20.7 million of class C senior secured deferrable floating-rate notes

• $17.7 million of class D secured deferrable floating-rate notes

• $44.15 million of subordinated notes

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.

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.

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.

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