CLO Calendar: Avoca Capital CLO X to price €310.75 million

November

AVOCA CAPITAL CLO X LTD.: €310.75 million European CLO; Credit Suisse Securities (Europe) Ltd. (placement agent); due Jan. 15, 2026; Avoca Capital Holdings (CLO manager); Dublin-based European credit investment manager; pricing expected week of Nov. 4.

• €166 million of class A floating-rate notes (/AAA/)

• €47.5 million of class B floating-rate notes (/BB/)

• €14.75 million of class C floating-rate notes (/A/)

• €20 million of class D floating-rate notes (/BBB/)

• €19 million of class E floating-rate notes (/BB/)

• €43.5 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

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

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.

FLATIRON CLO 2013-1 LTD./FLATIRON CLO 2013-1 LLC: $409.75 million of notes due January 2026; Merrill Lynch, Pierce, Fenner & Smith Inc. (placement agent); New York Life Investment Management LLC (CLO manager); subsidiary of New York Life Insurance Co.; proceeds to be used to repay parties that provided interim financing and to purchase assets to reach a target portfolio of about $400 million of leveraged loans; deal closes in December.

• $250.75 million of class A-1 notes (Aaa//AAA)

• $55.75 million of class A-2 notes (Aa2//AA)

• $17 million of class B notes (A2)

• $25 million of class C notes (Baa3)

• $18 million of class D notes (Ba3)

• $12 million of class E notes (B2)

• $31.25 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

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.

TELOS CLO 2013-5, LTD.: CLO; Telos Asset Management LLC (CLO manager); subsidiary of New York-based Tiptree Financial Inc.

© 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.