Telos Asset Management plans 2013-5 CLO offering

By Cristal Cody

Tupelo, Miss., Oct. 30 - Telos Asset Management LLC plans to price a new collateralized loan obligation transaction called Telos CLO 2013-5, Ltd., according to the company on Wednesday.

Telos serves as the collateral servicer for the CLO, which has entered into a $140 million credit facility in anticipation of the issuance of CLO notes, the company said in a release.

Telos closed on the $365.3 million Telos CLO 2013-4, Ltd. transaction on Aug. 6 and the $361.4 million Telos CLO 2013-3, Ltd. deal on Feb. 26.

Telos, a subsidiary of New York-based Tiptree Financial Inc., has about $1.53 billion of assets under management in four matched funded CLOs and a CLO warehouse.

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