CLO Calendar: Ares Management on tap to price €300 million CLO

July

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; pricing estimated for early July.

HALCYON LOAN ADVISORS FUNDING 2013-2 LTD./HALCYON LOAN ADVISORS FUNDING 2013-2 LLC: $465.5 million of notes; Morgan Stanley & Co., LLC (placement agent); Halcyon Loan Advisors 2013-2 LLC (CLO manager); pricing expected late June to early July.

• $3 million of class X senior secured floating-rate notes due July 8, 2016 (Aaa//)

• $254 million of class A senior secured floating-rate notes due July 8, 2025 (Aaa//)

• $46 million of class B-1 senior secured floating-rate notes due July 8, 2025 (Aa2//)

• $42 million of class B-2 senior secured fixed-rate notes due July 8, 2025 (Aa2//)

• $27.5 million of class C mezzanine secured deferrable floating-rate notes due July 8, 2025 (A2//)

• $26.75 million of class D mezzanine secured deferrable floating-rate notes due July 8, 2025 (Baa3//)

• $22.25 million of class E junior secured deferrable floating-rate notes due July 8, 2025 (Ba3//)

• $44 million of subordinated notes due July 8, 2025

TELOS CLO 2013-4, LTD./TELOS CLO 2013-4, LLC: $363.25 million CLO; BNP Paribas Securities Corp. (underwriter); Telos Asset Management LLC (CLO manager); non-call period ending July 15, 2015; reinvestment period ending July 15, 2017; closes on July 23.

• $3.5 million of class X notes due July 15, 2017 (Aaa)

• $214 million of class A notes due July 15, 2024 (Aaa)

• $46.5 million of class B notes due July 15, 2024

• $29 million of class C notes due July 15, 2024

• $19.25 million of class D notes due July 15, 2024

• $16 million of class E notes due July 15, 2024

• $35 million of subordinated notes due July 15, 2024.

On the horizon

CREDIT SUISSE ASSET MANAGEMENT, LLC: €300 million European CLO; BofA Merrill Lynch (placement agent); subsidiary of Zurich-based Credit Suisse AG; pricing in late summer.

PRAMERICA INVESTMENT MANAGEMENT LTD.: European CLO offering; Investec Securities Ltd. (placement agent); London-based leveraged finance arm of Newark, N.J.-based Prudential Financial, Inc.; pricing in late summer.

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