CLO Calendar: Carlyle to price $516.9 million CLO

June

ARES EUROPEAN CLO VI LTD.: €300 million collateralized loan obligation; Credit Suisse Group AG; Ares Management LLC, Los Angeles-based asset management and investment advisement firm; marketing launched; pricing estimated for late June.

AVERY POINT II CLO LTD.: $516.75 million collateralized loan obligation offering of notes due 2025; BofA Merrill Lynch; Sankaty Advisors LLC, Boston-based credit investment arm of Bain Capital LLC; two-year non-call period; four-year reinvestment period; proceeds to purchase a portfolio of about $500 million of primarily leveraged loans; pricing expected in early June.

• $304 million tranche of class A notes (//AAA)

• $46 million of class B-1 notes

• $25 million of class B-2 notes

• $36 million of class C notes

• $26 million of class D notes

• $24 million of class E notes

• $13.5 million of class F notes

• $42.25 million of subordinated notes

BLUEMOUNTAIN CLO 2013-2 LTD./BLUEMOUNTAIN CLO 2013-2 LLC: $410.4 million collateralized loan obligation offering of notes due Jan. 15, 2025; J.P. Morgan Securities LLC; BlueMountain Capital Management LLC; four-year reinvestment period and a two-year non-callable period; set to close on July 18.

• $248.6 million of class A notes (/AAA/)

• $44.2 million of class B notes (/AA/)

• $34 million of class C deferrable notes (/A/)

• $20.3 million of class D deferrable notes (/BBB/)

• $17.6 million of class E deferrable notes (/BB/)

• $12.8 million of class F deferrable notes (/B/)

• $32.9 million of subordinated notes

CARLYLE GLOBAL MARKET STRATEGIES CLO 2013-3 LTD./CARLYLE GLOBAL MARKET STRATEGIES CLO 2013-3 LLC: $516.9 million of notes due July 15, 2025; Citigroup Global Markets Inc.; Carlyle Investment Management LLC (manager); Washington, D.C.-based global alternative asset manager; pricing early June.

• $249 million of class A-1A senior secured floating-rate notes (Aaa)

• $75 million of class A-1B senior secured floating-rate notes (Aaa)

• $31 million of class A-2A senior secured floating-rate notes

• $15 million of class A-2B senior secured fixed-rate notes

• $43 million of class B senior secured deferrable floating-rate notes

• $24 million of class C senior secured deferrable floating-rate notes

• $24.5 million of class D senior secured deferrable floating-rate notes

• $10 million of class E senior secured deferrable floating-rate notes

• $45.4 million of subordinated notes

OAKTREE ENHANCED INCOME FUNDING SERIES III LTD./OAKTREE ENHANCED INCOME FUNDING SERIES III LLC; $655.18 million CLO offering of notes due July 20, 2023; Wells Fargo Securities LLC (lead); GreensLedge Capital Markets LLC (co-lead); non-call period and a reinvestment period ends Aug. 20, 2015; settles on June 27.

• $402.5 million of class A notes (/AAA/)

• $64.5 million of class B notes (/AA/)

• $188.18 million of income notes

© 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.