CLO Calendar

On The Horizon

BABSON CLO 2016-II LTD./BABSON CLO 2016-II LLC: $411.5 million CLO; Morgan Stanley & Co. LLC (placement agent); Babson Capital Management LLC (CLO manager); notes due Oct. 13, 2028; Springfield, Mass.-based global asset management firm.

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

• $252 million of class A floating-rate notes (/AAA)

• $48 million of class B floating-rate notes

• $22.5 million of class C floating-rate notes

• $23.5 million of class D floating-rate notes

• $22 million of class E floating-rate notes

• $41 million of subordinated notes

DRYDEN 46 EURO CLO BV: Maximum €300 million CLO warehouse; Barclays (arranger); PGIM Ltd. (manager); London-based affiliate of Prudential Financial Inc.

• Senior funding facility (DBRS: A)

• Mezzanine funding facility (DBRS: BBB)

• Termination date of June 2031

GRIFFITH PARK CLO DAC: €412.5 million; Barclays (placement agent); Blackstone/GSO Debt Funds Management Europe Ltd. (CLO manager); notes due Sept. 15, 2029; Dublin-based subsidiary of asset manager GSO Capital Partners LP.

• €238 million of class A-1 senior secured floating-rate notes (Aaa/AAA/)

• €43 million of class A-2A senior secured floating-rate notes (Aa2/AA/)

• €10 million of class A-2B senior secured fixed-rate notes (Aa2/AA/)

• €20.6 million of class B senior secured deferrable floating-rate notes (A2/A/)

• €21.4 million of class C senior secured deferrable floating-rate notes (Baa2/BBB/)

• €24.4 million of class D senior secured deferrable floating-rate notes (Ba2/BB/)

• €10.7 million of class E senior secured deferrable floating-rate notes (B2/B-/)

• €44.4 million of subordinated notes

ICG US CLO 2016-1, LTD./ICG US CLO 2016-1 LLC: $405.75 million CLO; Citigroup Global Markets Inc. (placement agent); ICG Debt Advisors LLC (CLO manager); notes due 2028; New York-based subsidiary of Intermediate Capital Group plc.

• $256 million of class A-1 floating-rate notes (Aaa//AAA)

• $51 million of class A-2 floating-rate notes (Aa2)

• $18 million of class B floating-rate notes (A2)

• $26 million of class C floating-rate notes (Baa3)

• $17 million of class D floating-rate notes (Ba3)

• $37.75 million of subordinated notes

PARK AVENUE INSTITUTIONAL ADVISERS CLO LTD. 2016-1/PARK AVENUE INSTITUTIONAL ADVISERS LLC 2016-1: $380.95 million CLO; J.P. Morgan Securities LLC (placement agent); Park Avenue Institutional Advisers LLC (CLO manager); notes due Aug. 23, 2028; closes Aug. 23; New York-based subsidiary of Guardian Life Insurance Co. of America.

• $234.9 million of class A-1 floating-rate notes (/AAA/)

• $39.6 million of class A-2 floating-rate notes (/AA/)

• $32.3 million of class B deferrable floating-rate notes (/A/)

• $21.7 million of class C deferrable floating-rate notes (/BBB-/)

• $11.8 million of class D deferrable floating-rate notes (/BB-/)

• $40.65 million of subordinated notes

SC LOWY/UOB ASSET MANAGEMENT LTD.: Asia Pacific-backed management cash flow CLO; Standard Chartered Bank, Resource Capital Markets and UOB Securities (underwriters); UOB Asset Management and SC Lowy (CLO co-managers); marketing in U.S. space week of Feb. 29 and Europe and Asia week of March 7; Hong Kong-based SC Lowy is a fixed income firm; UOB Asset Management is a Singapore-based asset management group.

SINEPIA DAC: €647.77 million SME CLO; HSBC Bank plc and National Bank of Greece (joint arrangers); National Bank of Greece SA (originator); notes due 2035; Athens-based banking and financial services company.

• €150 million of class A1 floating-rate notes (/BB/)

• €35 million of class A2 floating-rate notes (/BB/)

• €50 million of class A3 floating-rate notes (/BB/)

• €88.8 million of class A4 floating-rate notes (/BB/)

• €259.1 million of non-rated class M notes

• €64.87 million of non-rated class Z notes

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.