CLO Calendar: Sound Point Capital Management to price CLO

July

CADOGAN SQUARE CLO V BV: €304.75 million European CLO of notes due 2025; BofA Merrill Lynch (placement agent); Credit Suisse Asset Management, LLC (CLO manager); subsidiary of Zurich-based Credit Suisse AG; pricing in mid-July.

• €1.5 million of class X senior secured floating-rate notes (Aaa)

• €142.5 million of class A1 senior secured floating-rate notes (Aaa)

• £25.5 million of class A2 senior secured floating-rate notes (Aaa)

• €10 million of class B1 senior secured floating-rate notes (Aa2)

• €30 million of class B2 senior secured fixed-rate notes (Aa2)

• €17.25 million of class C senior secured deferrable floating-rate notes (A2)

• €15.5 million of class D senior secured deferrable floating-rate notes (Baa2)

• €24.75 million of class E senior secured deferrable floating-rate notes (Ba2)

• €37.75 million of subordinated notes

OHA LOAN FUNDING 2013-2, LTD./OHA LOAN FUNDING 2013-2, INC.: $200 million of notes due Aug. 23, 2024;Greensledge Capital Market LLC (underwriter); Oak Hill Advisors (CLO manager); non-call period that ends Aug. 23, 2015 and a reinvestment period that ends Aug. 23, 2017; New York-based investment firm; settles on Aug. 14.

• $116 million of class A senior secured floating-rate notes (Aaa)

• $25 million of class B senior secured floating-rate notes

• $9 million of class C mezzanine secured deferrable floating-rate notes

• $50 million of subordinated notes

SOUND POINT CLO III, LTD.: $420.8 million of notes due Aug. 13, 2025; Morgan Stanley & Co. LLC (underwriter); Sound Point Capital Management LP (CLO manager): two-year non-call period; four-year reinvestment period; New York-based asset manager; proceeds to purchase a $400 million portfolio of mostly leveraged loans; settles on Aug. 13.

• $248 million of class A senior floating-rate notes (Aaa//AAA)

• $53.5 million of class B senior floating-rate notes (Aa2)

• $20 million of class C-1 floating-rate mezzanine secured notes (A2)

• $5 million of class C-2 fixed-rate mezzanine secured notes (A2)

• $23.5 million of class D mezzanine secured floating-rate notes (Baa3)

• $19 million of class E junior secured floating-rate notes (Ba3)

• $8.8 million of class F junior secured floating-rate notes (B2)

• $4 million of class X senior floating-rate notes (Aaa//AAA)

• $39 million of subordinated notes

3I DEBT MANAGEMENT: €300 million European CLO; Resource America Inc. (placement agent); London-based 3i Group plc; pricing in July.

On The Horizon

HERBERT PARK CLO: €410 million; Deutsche Bank Inc. (underwriter); Blackstone/GSO Debt Funds Management Europe Ltd. (CLO manager); unit of Blackstone Group LP; pricing in August or September.

PRAMERICA INVESTMENT MANAGEMENT LTD.: European CLO offering; London-based leveraged finance arm of Newark, N.J.-based Prudential Financial, Inc.; pricing in late July or August.

© 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.