Telos Asset Management plans $350 million-$400 million CLO offering

By Cristal Cody

Tupelo, Miss., Feb. 19 - Telos Asset Management LLC is expected to price $350 million to $400 million of notes in a collateralized loan obligation transaction, according to an informed source.

The company reported in October that it planned an offering called Telos CLO 2013-5, Ltd., which had entered into a $140 million credit facility in anticipation of the issuance of CLO notes.

Telos brought two CLO transactions in 2013 that included the $365.3 million Telos CLO 2013-4, Ltd. deal and the $361.4 million Telos CLO 2013-3, Ltd. offering.

The firm, 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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