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Published on 8/28/2013 in the Prospect News CLO Daily.

CLO Calendar: ACAS 2013-2 to price $415 million

August

ACAS 2013-2, LTD.: $415 million CLO offering; Citigroup Global Markets Inc. (placement agent); American Capital Leveraged Finance Management, LLC (CLO manager); pricing expected late August to early September.

CIFC 2013-III, LTD.: $400 million CLO; Citigroup Global Markets Inc. (underwriter); CIFC Asset Management LLC (CLO manager); subsidiary of New York-based CIFC Corp.; pricing in August.

GT LOAN FINANCING I, LTD./GT LOAN FINANCING I, LLC: $195 million CLO offering of notes due August 2024; Greensledge Capital Markets, LLC and Natixis North America LLC (co-placement agents); GoldenTree Asset Management LP (CLO manager); proceeds to purchase a portfolio of about $190 million of primarily senior secured leveraged loans; closes in September.

• $110 million of class A notes (Aaa//AAA)

• $24 million of class B notes (Aa2)

• $11 million of class C notes (A2)

• $50 million of subordinated notes

HIGHBRIDGE LOAN MANAGEMENT 2013-2, LTD./HIGHBRIDGE LOAN MANAGEMENT 2013-2, LLC: $412.75 million of notes; Citigroup Global Markets Inc. (underwriter); Highbridge Principal Strategies, LLC (CLO manager); New York-based investment management firm; pricing in August.

• $260 million of class A-1 senior secured floating-rate notes (Aaa)

• $43 million of class A-2 senior secured floating-rate notes

• $22.5 million of class B-1 senior secured deferrable floating-rate notes

• $9.5 million of class B-2 senior secured deferrable fixed-rate notes

• $19.5 million of class C senior secured deferrable floating-rate notes

• $16 million of class D senior secured deferrable floating-rate notes

• $8 million of class E senior secured deferrable floating-rate notes

• $34.25 million of subordinated notes

NEUBERGER BERMAN FIXED INCOME LLC: $400 million CLO offering; Wells Fargo Securities LLC; pricing expected late August or early September.

September

WHITEHORSE VII LTD./WHITEHORSE VII LLC: $410.82 million CLO offering of notes due 2025; RBS Securities Inc.; H.I.G. WhiteHorse Capital LLC (CLO manager); pricing expected in September.

• $238.8 million of class A-1L floating-rate notes (/AAA/)

• $52.4 million of class A-2L floating-rate notes (/AA/)

• $31.2 million of class A-3L deferrable floating-rate notes (/A/)

• $20 million of class B-1L deferrable floating-rate notes (/BBB/)

• $20.8 million of class B-2L deferrable floating-rate notes

• $8.8 million of class B-3L deferrable floating-rate notes (/B/)

• $38.82 million of subordinated notes

On The Horizon

ANGELO, GORDON & CO.: CLO offering: Morgan Stanley & Co. LLC; New York City-based alternative investment manager.

CVC CREDIT PARTNERS, LLC: European CLO transaction; Goldman Sachs & Co.; New York City-based subsidiary of London-based private equity firm CVC Capital Partners Ltd.

EATON VANCE CORP.: Two CLO deals: Boston-based investment management firm.

ONEX CORP.: Fourth CLO offering; Onex Credit Partners LLC (CLO manager); Toronto-based private equity firm.

PINEWOOD CLO 2013-1 BV.: €306.2 million European CLO; Investec Securities Ltd. and Wells Fargo Securities, LLC; Pramerica Investment Management Ltd. (CLO manager); London-based leveraged finance arm of Newark, N.J.-based Prudential Financial, Inc.

SYMPHONY ASSET MANAGEMENT LLC: Refinance existing CLO; BofA Merrill Lynch (underwriter); San Francisco-based asset management firm.


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