CLO Calendar

On The Horizon

ARES XXXVIII CLO, LTD./ARES XXXVIII CLO, LLC: $408 million CLO; BofA Merrill Lynch (placement agent); Ares CLO Management II LLC (CLO manager); notes due Jan. 20, 2027; Los Angeles-based alternative asset management firm Ares Management LLC

• $247.5 million of class A senior floating-rate notes (Aaa/AAA/)

• $30 million of class B-1 senior floating-rate notes (Aa2)

• $24.5 million of class B-2 senior fixed-rate notes (Aa2)

• $27 million of class C mezzanine deferrable floating-rate notes (A2)

• $21 million of class D mezzanine deferrable floating-rate notes (Baa3)

• $19 million of class E mezzanine deferrable floating-rate notes (Ba3)

• $39 million of subordinated notes

TELOS 2015-7, LTD.: CLO; Telos Asset Management LLC (CLO manager); subsidiary of New York-based Tiptree Financial Inc.

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