Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Calendar > Headlines for 2014 > News item |
CLO Calendar: Ares Management offers $360.75 million CLO
Week of April 28
ARES MANAGEMENT LLC: $360.75 million U.S. CLO offering: Los-Angeles-based asset management firm; Deutsche Bank Securities Inc.
• $240 million of class A floating-rate notes (Aaa) with a coupon of Libor plus 85 basis points. To be sold at a discount for a discount margin spread of 110 bps
• $33 million of class B floating-rate notes (Aa2) at a coupon of Libor plus 145 bps
• $17 million of class C floating-rate notes (A2) at Libor plus 220 bps
• $14 million of class D floating-rate notes (Baa3) at Libor plus 285 bps
• $20.5 million of class E floating-rate notes (Ba2) at Libor plus 420 bps
• $36.25 million of non-rated subordinated notes with a residual coupon
On The Horizon
EATON VANCE MANAGEMENT: U.S. CLO offering: Boston-based investment management firm.
JMP GROUP INC.: $350 million-$400 million CLO; JMP Credit Advisors LLC (CLO manager); San Francisco-based investment banking and asset management firm.
MIDOCEAN CREDIT CLO II/MIDOCEAN CREDIT CLO II LLC: $414.75 million of notes due Jan. 29, 2025; Jefferies LLC (placement agent); MidOcean Credit Fund Management LP (CLO manager); affiliate of New York City-based MidOcean Partners.
• $250 million of class A floating-rate notes (/AAA/)
• $56 million of class B floating-rate notes (/AA/)
• $25 million of class C deferrable floating-rate notes (/A/)
• $21 million of class D deferrable floating-rate notes (/BBB/)
• $20 million of class E deferrable floating-rate notes (/BB/)
• $42.75 million of income notes
REDAN PARK ASSET MANAGEMENT LLC: $300 million CLO; C&Co/PrinceRidge LLC (placement agent); asset management firm owned by New York hedge fund Mead Park Holdings LP and Puerto Rico-based Doral Financial Corp.
STEELE CREEK INVESTMENT MANAGEMENT LLC: $350 million to $400 million CLO; BNP Paribas Securities Corp. (placement agent); Charlotte, N.C.-based subsidiary of Moelis & Co. LLC.
© 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.