Acis Capital Management plans $578.35 million ACIS CLO 2015-6 offering

By Cristal Cody

Tupelo, Miss., March 3 – Acis Capital Management, LP plans to price $578.35 million of notes due May 1, 2027 in a collateralized loan obligation offering, according to a market source.

The ACIS CLO 2015-6 Ltd./ACIS CLO 2015-6 LLC deal includes $300 million of class A-1 floating-rate notes (/AAA/); $47 million of class A-2 fixed-rate notes (/AAA/); $75 million of class B-1 floating-rate notes (/AA/); $14 million of class B-2 fixed-rate notes; $31.5 million of class C deferrable floating-rate notes (/A/); $25 million of class D deferrable floating-rate notes (/BBB/); $26 million of class E deferrable floating-rate notes (/BB/) and $59.85 million of subordinated notes.

Jefferies LLC is the placement agent.

Acis Capital Management will manage the CLO.

The CLO is non-callable until Nov. 1, 2016. The reinvestment period ends May 1, 2019.

The transaction, backed primarily by a revolving pool of broadly syndicated senior secured corporate loans, is expected to close on April 16.

Acis Capital Management, an affiliate of Dallas-based Highland Capital Management, LP, was in the primary market in 2014 with three CLO deals.

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