CLO Calendar

On The Horizon

ARES XXXII CLO LTD./ARES XXXII CLO LLC: $511.23 million CLO; Deutsche Bank Securities Inc. (placement agent); Ares Management LLC (CLO manager); notes due Nov. 15, 2025; Los Angeles-based alternative asset management firm.

• $309 million of class A-1 senior floating-rate notes (Aaa/AAA/)

• $66 million of class A-2 senior floating-rate notes (Aa2)

• $32.5 million of class B deferrable floating-rate notes (A2)

• $29 million of class C deferrable floating-rate notes (Baa3)

• $22 million of class D deferrable floating-rate notes (Ba3)

• $11.5 million of class E deferrable floating-rate notes (B2)

• $41.23 million of subordinated notes

BLUEMOUNTAIN CLO 2014-4 LTD./BLUEMOUNTAIN CLO 2014-4 LLC: $408.6 million CLO; J.P. Morgan Securities LLC (placement agent); BlueMountain Capital Management LLC (CLO manager); notes due 2026; New York City-based private investment firm; AAAs talked to price at Libor plus 155 bps-160 bps area.

• $237.9 million of class A-1 floating-rate notes (/AAA/)

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

• $39.4 million of class B-1 floating-rate notes (/AA/)

• $5 million of class B-2 fixed-rate notes (/AA/)

• $32.9 million of class C deferrable floating-rate notes (/A/)

• $21.5 million of class D deferrable floating-rate notes (/BBB-/)

• $16.6 million of class E deferrable floating-rate notes (/BB-/)

• $6.6 million of class F deferrable floating-rate notes (/B/)

• $33.7 million of subordinated notes

CAIRN CLO IV BV: €300 million CLO: Credit Suisse Securities (Europe) Ltd. (placement agent); Cairn Capital Ltd. (CLO manager); London-based credit asset management firm.

ICG US CLO 2014-3, LTD./ICG US CLO 2014-3 LLC: $411.2 million CLO; Citigroup Global Markets Inc. (placement agent); ICG Debt Advisors LLC (CLO manager); notes due Dec. 15, 2026; affiliate of London-based Intermediate Capital Group plc.

• $258.7 million of class A-1 floating-rate notes (Aaa//AAA)

• $42.5 million of class A-2 floating-rate notes (Aa2)

• $20.4 million of class B floating-rate notes (A2)

• $21.2 million of class C floating-rate notes (Baa3)

• $25.6 million of class D floating-rate notes (Ba3)

• $3.7 million of class E floating-rate notes (B3)

• $39.1 million of subordinated notes

KKR CLO 10 LTD./KKR CLO 10 LLC: $415.6 million CLO; BNP Paribas Securities Corp. (placement agent); KKR Financial Advisors II, LLC (CLO manager); notes due Dec. 15, 2026; subsidiary of KKR Asset Management, LLC.

• $247 million of class A senior secured floating-rate notes (Aaa//AAA)

• $32 million of class B-1 senior secured floating-rate notes (/AA/)

• $20 million of class B-2 senior secured fixed-rate notes (/AA/)

• $25 million of class C-1 senior secured deferrable floating-rate notes (/A/)

• $5 million of class C-2 senior secured deferrable fixed-rate notes (/A/)

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

• $19 million of class E senior secured deferrable floating-rate notes (/BB/)

• $47.6 million of subordinated notes

MADISON PARK FUNDING XV LTD./MADISON PARK FUNDING XV LLC: $610 million CLO: Citigroup Global Markets Inc. (placement agent); Credit Suisse Asset Management, LLC (CLO manager); unit of Credit Suisse Group AG; AAA-rated notes talked to price in the Libor plus 150 bps area.

PALMER SQUARE CAPITAL MANAGEMENT LLC: CLO offering: Mission Woods, Kan.-based investment 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.

SANKATY ADVISORS LLC: €360 million CLO; Citigroup Global Markets Inc. (placement agent); Boston-based credit investment affiliate of Bain Capital LLC.

© 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.