CLO Calendar: GSO/Blackstone offers $717.4 million CLO

Week of May 5

SENECA PARK CLO LTD/SENECA PARK CLO LLC: $717.4 million CLO; Credit Suisse Securities (USA) LLC (placement agent); GSO/Blackstone Debt Funds Management LLC (CLO manager); notes due 2026; New York City-based subsidiary of alternative asset manager GSO Capital Partners LP; pricing expected late week of May 5.

• $429.75 million of class A floating-rate notes (//AAA)

• $64.5 million of class B-1 floating-rate notes

• $25 million of class B-2 fixed-rate notes

• $42 million of class C floating-rate notes

• $43.75 million of class D floating-rate notes

• $40.5 million of class E floating-rate notes

• $8 million of class F floating-rate notes

• $63.9 million of subordinated notes

On The Horizon

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 bps. 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

BABSON CLO 2014-I LTD./BABSON CLO 2014-I LLC: $462.8 million CLO; J.P. Morgan Securities LLC (placement agent); Babson Capital Management LLC (CLO manager); notes due June 2025; investment management firm based in Boston, Springfield, Mass., and Charlotte, N.C.

• $279 million of class A-1 senior secured floating-rate notes (Aaa//AAA)

• $57.7 million of class A-2 senior secured floating-rate notes (Aa2)

• $22.9 million of class B senior secured deferrable floating-rate notes (A2)

• $29.7 million of class C senior secured deferrable floating-rate notes (Baa3)

• $26.2 million of class D senior secured deferrable floating-rate notes (Ba3)

• $5 million of class E senior secured deferrable floating-rate notes (B2)

• $42.3 million of subordinated notes

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

HILDENE CLO II, LTD./HILDENE CLO II LLC: $413.75 million CLO; BofA Merrill Lynch (placement agent); Hildene Leveraged Credit, LLC (CLO manager); notes due 2026; part of Stamford, Conn.-based asset management firm Hildene Capital Management, LLC.

• $252 million of class A floating-rate notes (//AAA)

• $39.25 million of class B-1 floating-rate notes

• $10 million of class B-2 fixed-rate notes

• $22 million of class C floating-rate notes

• $24.25 million of class D floating-rate notes

• $19.75 million of class E floating-rate notes

• $6.5 million of class F floating-rate notes

• $40 million of subordinated notes

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.

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