CLO Calendar: CVC Credit to sell $571 million Apidos CLO XVI

On The Horizon

APIDOS CLO XVI/APIDOS CLO XVI LLC: $571 million CLO; Credit Suisse Securities (USA) LLC (arranger); CVC Credit Partners LLC; manages U.S. and European CLOs; notes due January 2025; expected to close Jan. 9, 2014.

• $383 million of class A-1 senior secured floating-rate notes (Aaa/AAA/)

• $34.50 million of class A-2A senior secured floating-rate notes (/AA/)

• $30 million of class A-2B senior secured fixed-rate notes (/AA/)

• $3.75 million of class X senior secured floating-rate notes (/AAA/)

• $46 million of class B mezzanine deferrable floating-rate notes

• $31.25 million of class C mezzanine deferrable fixed-rate notes (/BBB/)

• $27.5 million of class D mezzanine deferrable floating-rate notes (/BB/)

• $15 million of class E mezzanine deferrable floating-rate notes (/B/)

• $54 million of subordinated notes

BLUEMOUNTAIN CLO 2013-4 Ltd./BlueMountain CLO 2013-4 LLC: $378 million CLO; J.P. Morgan Securities LLC (placement agent); BlueMountain Capital Management LLC; private investment company with offices in New York and London; notes due April 2025.

• $250.3 million of class A notes (/AAA/)

• $44 million of class B notes (/AA/)

• $34.5 million of class C deferrable notes (/A/)

• $20.4 million of class D deferrable notes (/BBB/)

• $16.9 million of class E deferrable notes (/BB/)

• $11.9 million of class F deferrable notes (/B/)

• $31.8 million of subordinated notes

BABSON CLO LTD. 2013-II/BABSON CLO 2013-II LLC: $697.725 million CLO; Citigroup Global Markets Inc. (placement agent); Babson Capital Management, LLC; investment management firm based in Boston, Springfield, Mass., and Charlotte, N.C.; notes due December 2025; closes in December.

• $415 million of class A-1 senior secured floating-rate notes (/AAA/)

• $97 million of class A-2 senior secured floating-rate notes (/AA/)

• $32 million of class B-1 deferrable floating-rate notes (/A/)

• $16 million of class B-2 deferrable floating-rate notes (/A/)

• $38 million of class C deferrable floating-rate notes (/BBB/)

• $29 million of class D deferrable floating-rate notes (/BB/)

• $10 million of class E deferrable floating-rate notes (/B/)

• $60,725,000 of subordinated notes

CAVALRY CLO III, LTD./CAVALRY CLO III, LLC: $411.05 million CLO; Wells Fargo Securities LLC (placement agent); Regiment Capital Management, LLC (CLO manager); Boston-based asset management firm; notes due January 2026; closes in December.

• $245 million of class A senior secured floating-rate notes (Aaa)

• $40 million of class B senior secured floating-rate notes

• $35.5 million of class C secured deferrable floating-rate notes

• $30.55 million of class D secured deferrable floating-rate notes

• $60 million of subordinated notes

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

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

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.

OCTAGON CREDIT INVESTORS, LLC: $713 million CLO; Citigroup Global Markets Inc. (placement agent); New York City-based portfolio manager and affiliate of private equity firm CCMP Capital Advisors, LLC.

SHACKLETON 2013-1 CLO LTD./SHACKLETON 2013-1 CLO LLC: $413.85 million CLO; J.P. Morgan Securities LLC (placement agent); notes due December 2024; Alcentra NY LLC (CLO manager); subsidiary of the Bank of New York Mellon Corp.; closes in December.

• $250.1 million of class A senior secured floating-rate notes (Aaa/AAA/)

• $46.4 million of class B senior secured floating-rate notes (/AA/)

• $33.4 million of class C mezzanine secured deferrable floating-rate notes (/A/)

• $20.3 million of class D mezzanine secured deferrable floating-rate notes (/BBB/)

• $17.1 million of class E junior secured deferrable floating-rate notes (/BB/)

• $10.7 million of class F junior secured deferrable floating-rate notes (/B/)

• $35.85 million of subordinated notes

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

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