CLO Calendar

On The Horizon

BLACK DIAMOND CAPITAL MANAGEMENT, LLC: $350 million CLO; J.P. Morgan Securities LLC (placement agent); Greenwich, Conn.-based alternative asset management firm.

OCTAGON INVESTMENT PARTNERS 26, LTD./OCTAGON INVESTMENT PARTNERS 26, LLC: $507.7 million CLO; BofA Merrill Lynch (placement agent); Octagon Credit Investors, LLC (CLO manager); notes due April 15, 2027; New York-based credit investment firm acquired by Conning & Co. in February.

• $310 million of class A floating-rate notes (/AAA)

• $50 million of class B-1 floating-rate notes

• $15 million of class B-2 fixed-rate notes

• $35 million of class C deferrable floating-rate notes

• $25 million of class D deferrable floating-rate notes

• $25 million of class E deferrable floating-rate notes

• $47.7 million of subordinated notes

TELOS 2016-7, LTD/TELOS 2016-7 LLC: $252.37 million CLO; SG Americas Securities LLC (underwriter); Telos Asset Management LLC (CLO manager); notes due 2025; subsidiary of New York-based Tiptree Financial Inc.

• $156.5 million of class A floating-rate notes (Aaa/AAA)

• $37 million of class B floating-rate notes (/AA)

• $14.5 million of class C deferrable floating-rate notes (/A)

• $12 million of class D deferrable floating-rate notes (/BBB-)

• $5 million of class E deferrable floating-rate notes (/BB-)

• $27.37 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.

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