Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Regiment Capital Management, LLC > News item |
Regiment Capital to sell $411.05 million five-part offering of notes in Cavalry CLO III deal
By Cristal Cody
Tupelo, Miss., Nov. 19 - Regiment Capital Management, LLC plans to price $411.05 million of notes due January 2026 in a collateralized loan obligation transaction, according to an informed source.
Cavalry CLO III, Ltd./Cavalry CLO III, LLC intends to offer $245 million of class A senior secured floating-rate notes (Aaa); $40 million of class B senior secured floating-rate notes; $35.5 million of class C secured deferrable floating-rate notes; $30.55 million of class D secured deferrable floating-rate notes and $60 million of subordinated notes.
Wells Fargo Securities, LLC will arrange the offering.
The notes have a non-call period expected to end in January 2016 and a reinvestment period slated to end in January 2018.
The CLO is backed by a broadly syndicated loan portfolio.
The deal is scheduled to close in December.
Regiment Capital Management is a Boston-based asset management firm.
© 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.