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Published on 10/29/2013 in the Prospect News CLO Daily.

CLO Calendar: CQS preps €362.2 million Grosvenor Place 2013-1 CLO

October

APOLLO CREDIT MANAGEMENT LLC: CLO offering; BofA Merrill Lynch (underwriter); subsidiary of New York City-based Apollo Global Management, LLC.

CIT CLO 2013-1 LTD.: £223.47 million of notes due Sept. 15, 2023; Deutsche Bank Securities Inc. (arranger);CIT Asset Management LLC (CLO manager); subsidiary of CIT Group Inc., a Livingston, N.J.- and New York City-based lender to small and middle market businesses.

• £93.31 million of class A notes (/AAA/)

• £19.24 million of class B notes (/AA/)

• £22.01 million of class C deferrable notes (/A/)

• £88.91 million of subordinated notes

CROWN POINT CLO II, LTD./CROWN POINT CLO II, LLC: $259.95 million CLO; RBS Securities Inc. (underwriter); notes due Dec. 29, 2023; Valcour Capital Management LLC (CLO manager); Stamford, Conn.-based investment firm; closes on Nov. 11.

• $157.8 million of class A-1L senior secured floating-rate notes (Aaa)

• $20.8 million of class A-2L senior secured floating-rate notes

• $19.8 million of class A-3L senior secured deferrable floating-rate notes

• $18.2 million of class B-1L senior secured deferrable floating-rate notes

• $10.9 million of class B-2L senior secured deferrable floating-rate notes

• $6.8 million of class B-3L senior secured deferrable floating-rate notes

• $25.65 million of subordinated notes

GOLUB CAPITAL PARTNERS CLO 17, LTD./GOLUB CAPITAL PARTNERS CLO 17, LLC: $556.15 million CLO; Citigroup Global Markets Inc. (underwriter); notes due November 2025; GC Investment Management (CLO manager); affiliate of New York-based middle market lender Golub Capital; closes on Nov. 15.

• $305 million of class A-1 senior secured floating-rate notes (Aaa)

• $55 million of class A-2 senior secured floating-rate notes (Aa2)

• $52 million of class B senior secured deferrable floating-rate notes (A2)

• $23 million of class C mezzanine secured deferrable floating-rate notes (Baa2)

• $121.15 million of subordinated notes

GROSVENOR PLACE 2013-1: €362.2 million European CLO; Deutsche Bank AG, London Branch (arranger); CQS Management, Ltd. (CLO manager); London-based global management asset firm; pricing expected in late October.

• €202.13 million of class A-1 floating-rate notes (expected Aaa//AAA)

• €46.38 million of class A-2 floating-rate notes (expected Aa2//AA)

• €21 million of class B floating-rate notes (expected A2//A)

• €18.38 million of class C floating-rate notes (expected Baa2//BBB)

• €22.75 million of class D floating-rate notes (expected Ba2//BB)

• €11.38 million of class E floating-rate notes (expected B2//B-)

• €40.18 million of subordinated notes

THL CREDIT WIND RIVER 2013-2 LTD./THL CREDIT WIND RIVER 2013-2 LLC: $447.11 million CLO; Deutsche Bank Securities, Inc. (underwriter); notes due Jan. 19, 2026; THL Credit Senior Loan Strategies LLC (CLO manager); Boston-based asset manager; closes on Nov. 14.

• $93.74 million of class A-1 senior secured floating-rate notes (Aaa)

• $147.5 million of class A-2a senior secured floating-rate notes (Aaa)

• $7.77 million of class A-2b senior secured floating-rate notes (Aaa)

• $20 million of class A-3 senior secured fixed-rate notes (Aaa)

• $27.01 million of class B-1 senior secured floating-rate notes

• $32.41 million of class B-2 senior secured fixed-rate notes

• $30.25 million of class C secured deferrable floating-rate notes

• $21.34 million of class D secured deferrable floating-rate notes

• $18.64 million of class E secured deferrable floating-rate notes

• $6.38 million of class F secured deferrable floating-rate notes

• $41.97 million of subordinated notes

On The Horizon

AVOCA CAPITAL HOLDINGS: €300 million European CLO; Credit Suisse Securities (Europe) Ltd. (placement agent); Avoca Capital (CLO manager); Dublin-based European credit investment manager.

CVC CREDIT PARTNERS, LLC: European CLO transaction; Goldman Sachs & Co.; New York City-based subsidiary of London-based private equity firm CVC Capital Partners Ltd.

EATON VANCE MANAGEMENT: U.S. CLO offering: Boston-based investment management firm.

NORTH WESTERLY CLO IV: €300 million European CLO; RBS Securities Inc. (placement agent); NIBC Leveraged Finance Markets, unit of NIBC Bank NV (CLO manager); rated tranches of AAA, AA, A, BBB and BB notes; Regulation S and Rule 144A; the Hague, Netherlands, asset management firm.

PINEWOOD CLO 2013-1 BV: €306.2 million European CLO; Investec Securities Ltd. and Wells Fargo Securities, LLC; Pramerica Investment Management Ltd. (CLO manager); London-based leveraged finance arm of Newark, N.J.-based Prudential Financial, Inc.

ST PAUL'S CLO III LTD.: €500 million European CLO offering: J.P. Morgan Securities LLC (placement agent); Intermediate Capital Managers Ltd. (CLO manager); subsidiary of London-based Intermediate Capital Group plc.


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