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Published on 5/7/2013 in the Prospect News CLO Daily.

CLO Calendar: KCAP to sell $140.25 million of notes

Week of May 6

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 expected week of May 6.

May

COLUMBIA MANAGEMENT INVESTMENT ADVISORS, LLC: Collateralized loan obligation offering; Morgan Stanley & Co. LLC; Boston-based investment management firm; pricing expected early May.

KCAP SENIOR FUNDING I, LLC: $140.25 million of notes due May 30, 2024; Guggenheim Securities LLC; KCAP Financial, Inc. (manager); cash-flow CLO; New York City-based KCAP Financial holds portfolio companies that manage CLO funds; closing on May 28.

• $77.25 million of class A-1 senior secured floating-rate notes (Aaa)

• $9 million of class B-1 senior secured floating-rate notes (Aa2)

• $10 million of class C-1 secured deferrable floating-rate notes (A2)

• $9 million of class D-1 secured deferrable floating-rate notes (Baa2)

• $35 million of subordinated notes


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