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CLO Calendar: Babson CLO to price $492.25 million
Week of May 6
BABSON CLO LTD. 2013-1: $492.25 million of notes due April 21, 2025; Merrill Lynch, Pierce, Fenner & Smith Inc. (arranger); Springfield, Mass.-based investment firm Babson Capital Management LLC (manager); expected to close on June 4.
• $292.25 million of class A senior secured floating-rate notes (Aaa);
• $65 million of class B senior secured floating-rate notes;
• $38 million of class C deferrable mezzanine floating-rate notes;
• $24 million of class D deferrable mezzanine floating-rate notes;
• $22 million of class E deferrable mezzanine floating-rate notes;
• $9 million of class F deferrable mezzanine floating-rate notes; and
• $42 million of subordinated notes
BENEFIT STREET PARTNERS LLC: $500 million of collateralized loan obligation notes; affiliate of Providence, R.I.-based Providence Equity Capital Markets and Providence Equity Partners LLC; pricing week of May 6.
COLUMBIA MANAGEMENT INVESTMENT ADVISORS, LLC: Collateralized loan obligation offering; Morgan Stanley & Co. LLC; Boston-based investment management firm; pricing expected in early May.
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