CLO Calendar: Apollo Credit Management preps to offer CLO

Week of December 16

APOLLO CREDIT MANAGEMENT LLC: CLO transaction; Citigroup Global Markets Inc. (placement agent); subsidiary of New York City-based Apollo Global Management, LLC; pricing expected week of Dec. 16.

On The Horizon

ALLEGRO CLO I LTD./ALLEGRO CLO I LLC: $369.35 million of notes; J.P. Morgan Securities LLC (placement agent); AXA Investment Managers Inc. (CLO manager); part of Paris-based AXA Group; notes due January 2026; closes on Jan. 30.

• $213.8 million of class A-1 senior secured floating-rate notes (Aaa/AAA/)

• $45.7 million of class A-2 senior secured floating-rate notes (/AA/)

• $28.5 million of class B senior secured deferrable floating-rate notes (/A/)

• $19.1 million of class C senior secured deferrable floating-rate notes (/BBB/)

• $17 million of class D secured deferrable floating-rate notes (/BB/)

• $45.25 million of subordinated notes

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

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.

HILDENE CLO I LTD./HILDENE CLO I LLC: $309.75 million CLO; Merrill Lynch, Pierce, Fenner & Smith Inc. (placement agent); Hildene Leveraged Credit, LLC (CLO manager); division of New York-based asset management firm Hildene Capital Management, LLC; notes due Jan. 17, 2026; proceeds to fund target portfolio of about $300 million of leveraged loans; closes in January.

• $187.5 million of class A notes (//AAA)

• $28.5 million of class B-1 notes

• $10 million of class B-2 notes

• $16.5 million of class C notes; $18.5 million of class D notes

• $14.5 million of class E notes

• $6 million of class F notes

• $28.25 million of subordinated notes

JUBILEE CLO 2013-XI BV: European CLO; Alcentra Ltd. (CLO manager); subsidiary of the Bank of New York Mellon Corp.

REDAN PARK ASSET MANAGEMENT LLC: CLO transaction; C&Co/PrinceRidge LLC (placement agent); asset management firm owned by New York hedge fund Mead Park Holdings LP and Puerto Rico-based Doral Financial Corp.

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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