Telos Asset Management plans Telos CLO 2014-6 CLO, enters into $140 million credit facility

By Cristal Cody

Tupelo, Miss., July 8 – Telos Asset Management LLC announced on Tuesday that it plans to bring a new collateralized loan obligation transaction.

Telos said it is the CLO servicer of Telos CLO 2014-6, Ltd., which has entered into a $140 million credit facility in anticipation of the issuance of CLO notes.

The firm priced the $412.35 million Telos CLO 2014-5, Ltd./Telos CLO 2014-5 LLC deal on April 11.

As of Monday, Telos said it has about $1.8 billion of assets under management, which consists of five matched funded CLOs and a CLO warehouse.

The asset management company, a subsidiary of New York-based Tiptree Financial Inc., priced the $365.3 million Telos CLO 2013-4, Ltd. offering and the $361.4 million Telos CLO 2013-3, Ltd. deal in 2013.

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