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Published on 2/3/2014 in the Prospect News CLO Daily.

CLO Calendar: Carlyle Global Market eyes €300 million CLO

February

CARLYLE GLOBAL MARKET STRATEGIES EURO CLO 2014-1, LTD.: €300 million European CLO; Credit Suisse Securities (Europe) Ltd. (placement agent); CELF Advisors LLP (CLO manager); part of Washington, D.C.-based Carlyle Group LP; pricing expected in February.

On The Horizon

ARROWPOINT CLO 2014-2 LTD./ARROWPOINT CLO 2014-2 CORP.: $419 million CLO; Jefferies LLC (placement agent); Arrowpoint Asset Management LLC (CLO manager); notes due March 2026; Denver-based asset management firm; closes in March.

• $250 million of class A-1L senior secured floating-rate notes (/AAA/)

• $50 million of B floating-rate notes (/AA/)

• $29 million of class C deferrable floating-rate notes (/A/)

• $22 million of class D deferrable floating-rate notes (/BBB/)

• $19 million of class E deferrable floating-rate notes (/BB-/)

• $7 million of class F deferrable floating-rate notes (/B/)

• $42 million of subordinated notes

CIT CLO 2013-1 LTD.: £223.47 million of notes due 2023; Deutsche Bank Securities Inc. (arranger); CIT Asset Management LLC (CLO manager); subsidiary of CIT Group Inc., a Livingston, N.J.- and New York City-based lender to small and middle-market businesses.

• £93.31 million of class A notes (/AAA/)

• £19.24 million of class B notes (/AA/)

• £22.01 million of class C deferrable notes (/A/)

• £88.91 million of subordinated notes

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 MANAGEMENT: U.S. CLO offering: Boston-based investment management firm.

JFIN CLO 2014 LTD./JFIN CLO 2014 LLC: $408.95 million CLO; BNP Paribas Securities Corp. (lead); Jefferies LLC (co-arranger); Jefferies Finance LLC (CLO manager); notes due February 2025; New York City-based subsidiary of Jefferies Group LLC and Massachusetts Mutual Life Insurance Co.

• $239.5 million of class A senior secured floating-rate notes (/AAA/)

• $41 million of class B senior secured floating-rate notes (/AA/)

• $40.5 million of class C deferrable floating-rate notes (/A/)

• $22 million of class D deferrable floating-rate notes (/BBB/)

• $18.75 million of class E deferrable floating-rate notes (/BB/)

• $8 million of class F deferrable floating-rate notes (/B/)

• $40.1 million of subordinated notes

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.

STANIFORD STREET CLO: $400 million CLO; StormHarbour Securities LP (placement agent); Feingold O'Keefe Capital, LLC (CLO manager); Boston-based alternative asset investment firm.

TELOS CLO 2013-5, LTD.: CLO; Telos Asset Management LLC (CLO manager); subsidiary of New York-based Tiptree Financial Inc.


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