CLO Calendar: 3i Debt Management in European deal pipeline

July

OHA LOAN FUNDING 2013-2, LTD./OHA LOAN FUNDING 2013-2, INC.: $200 million of notes due Aug. 23, 2024;Greensledge Capital Market LLC (underwriter); Oak Hill Advisors (CLO manager); non-call period that ends Aug. 23, 2015 and a reinvestment period that ends Aug. 23, 2017; New York-based investment firm; settles on Aug. 14.

• $116 million of class A senior secured floating-rate notes (Aaa)

• $25 million of class B senior secured floating-rate notes

• $9 million of class C mezzanine secured deferrable floating-rate notes

• $50 million of subordinated notes

SOUND POINT CLO III, LTD.: $420.8 million of notes due Aug. 13, 2025; Morgan Stanley & Co. LLC (underwriter); Sound Point Capital Management LP (CLO manager): two-year non-call period; four-year reinvestment period; New York-based asset manager; proceeds to purchase a $400 million portfolio of mostly leveraged loans; settles on Aug. 13.

• $248 million of class A senior floating-rate notes (Aaa//AAA)

• $53.5 million of class B senior floating-rate notes (Aa2)

• $20 million of class C-1 floating-rate mezzanine secured notes (A2)

• $5 million of class C-2 fixed-rate mezzanine secured notes (A2)

• $23.5 million of class D mezzanine secured floating-rate notes (Baa3)

• $19 million of class E junior secured floating-rate notes (Ba3)

• $8.8 million of class F junior secured floating-rate notes (B2)

• $4 million of class X senior floating-rate notes (Aaa//AAA)

• $39 million of subordinated notes

3i DEBT MANAGEMENT: €300 million European CLO; Resource America Inc. (placement agent); London-based 3i Group plc; pricing in July.

On The Horizon

HERBERT PARK CLO: €410 million; Deutsche Bank Inc. (underwriter); Blackstone/GSO Debt Funds Management Europe Ltd. (CLO manager); unit of Blackstone Group LP; pricing in August or September.

PRAMERICA INVESTMENT MANAGEMENT LTD.: European CLO offering; London-based leveraged finance arm of Newark, N.J.-based Prudential Financial, Inc.; pricing in late July or August.

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