CLO Calendar: Ares to sell $443 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

ARES ENHANCED LOAN INVESTMENT STRATEGY IR, LTD.: $443 million of notes due July 15, 2025; Citigroup Global Markets Inc. (placement agent); Ares Enhanced Loan Management IR, LP (CLO manager); issued on closing date in connection with refinancing of secured notes due Oct. 16, 2020 sold in September 2008; proceeds to redeem in full the classes being refinanced; affiliate of Ares Capital Management LLC; settlement expected in July.

• $236 million of class A-1A senior floating-rate notes (Aaa)

• $87 million of class A-1B senior floating-rate notes (Aaa)

• $40 million of class A-2A senior floating-rate notes; $20 million of class A-2B senior fixed-rate notes

• $34 million of class B mezzanine deferrable floating-rate notes

• $26 million of class C mezzanine deferrable floating-rate notes

• $20 million of class D mezzanine deferrable floating-rate notes

• $78.8 million of subordinated notes

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.

3I DEBT MANAGEMENT: €300 million European CLO; London-based 3i Group plc; pricing in July.

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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