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Published on 6/24/2014 in the Prospect News CLO Daily.

CLO Calendar: H.I.G. Capital offers $414.25 million

On The Horizon

APIDOS CLO XVIII/APIDOS CLO XVIII LLC: $514.05 million CLO; J.P. Morgan Securities LLC (placement agent); CVC Credit Partners, LLC (CLO manager); notes due 2026; credit management arm of London-based private equity firm CVC Capital Partners Ltd.

• $315 million of class A-1 floating-rate notes (//AAA)

• $66.1 million of class A-2 floating-rate notes

• $21.9 million of class B floating-rate notes

• $29.9 million of class C floating-rate notes

• $27.9 million of class D floating-rate notes

• $5.6 million of class E floating-rate notes

• $47.65 million of subordinated notes

CUTWATER 2014-I, LTD./CUTWATER 2014-I, LLC: $415.4 million CLO; Natixis Securities Americas LLC (placement agent); Cutwater Investor Services Corp. (CLO manager); New York City-based investment management firm.

• $261.6 million of class A-1 floating-rate notes (//AAA)

• $38.2 million of class A-2 floating-rate notes

• $25 million of class B floating-rate notes

• $22.9 million of class C floating-rate notes

• $21.8 million of class D floating-rate notes

• $7.3 million of class E floating-rate notes

• $38.6 million of subordinated notes

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

GOLUB CAPITAL PARTNERS CLO 10, LTD./GOLUB CAPITAL PARTNERS CLO 10, LLC: $306.13 million CLO refinancing; Wells Fargo Securities LLC (refinancing agent); GC Investment Management LLC and GC Advisors LLC (CLO managers); notes due Oct. 20, 2021; affiliate of New York-based middle market lender Golub Capital.

• $197 million of class A senior secured floating-rate notes (Aaa/AAA/)

• $12.5 million of class B senior secured floating-rate notes (/AA/)

• $31.75 million of class C deferrable floating-rate notes (/A/)

• $16 million of class D deferrable floating-rate notes (/BBB/)

• $15 million of class E deferrable floating-rate notes (/BB/)

• $9 million of class F deferrable floating-rate notes (/B/)

• $24.88 million of subordinated notes

WHITEHORSE IX LTD./WHITEHORSE IX LLC: $414.25 million CLO; BofA Merrill Lynch (placement agent); notes due 2026; H.I.G. WhiteHorse Capital (CLO manager); subsidiary of Miami-based H.I.G. Capital, LLC.

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

• $32.5 million of class B-1 floating-rate notes

• $20 million of class B-2 fixed-rate notes

• $22.75 million of class C floating-rate notes

• $24.25 million of class D floating-rate notes

• $19.5 million of class E floating-rate notes

• $8.25 million of class F floating-rate notes

• $35 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.

NEWMARK CAPITAL FUNDING 2014-2 CLO LTD./NEWMARK CAPITAL FUNDING 2014-2 CLO LLC: $400 million CLO; Jefferies LLC (placement agent); NewMark Capital Management, LLC (CLO manager); notes due June 30, 2026; affiliate of HillMark Capital Management, LP.

• $195.75 million of class A-1 floating-rate notes (/AAA/)

• $15 million of class A-2A floating-rate notes (/AAA/)

• $2.25 million of class A-2B floating-rate notes (/AAA/)

• $28 million of class A-F fixed-rate notes (/AAA/)

• $5 million of class A-X floating-rate notes (/AAA/)

• $27 million of class B-1 floating-rate notes (/AA/)

• $24 million of class B-F fixed-rate notes (/AA/)

• $26 million of class C deferrable floating-rate notes (/A/)

• $20 million of class D deferrable floating-rate notes (/BBB/)

• $20 million of class E deferrable floating-rate notes (/BB-/)

• $37 million of subordinated notes

PEAKS CLO 1 LTD./PEAKS CLO 1 LLC: $150 million CLO; Guggenheim Securities LLC (placement agent); Arrowpoint Asset Management LLC (CLO manager); notes due 2026; Denver-based investment advisor arm of Meridian Funds.

• $53.4 million of class A-1 floating-rate notes (/AAA/)

• $15 million of class A-2A floating-rate notes (/AAA/)

• $3.75 million of class A-2B floating-rate notes (/AAA/)

• $16 million of class B floating-rate notes (/AA/)

• $17.25 million of class C deferrable floating-rate notes (/A/)

• $9.75 million of class D deferrable floating-rate notes (/BBB/)

• $8.5 million of class E deferrable floating-rate notes (/BB/)

• $4.1 million of class F deferrable floating-rate notes (/B/)

• $22.25 million of subordinated notes

PRAMERICA INVESTMENT MANAGEMENT LTD.: €417 million CLO; Barclays Bank plc (placement agent); Pramerica Investment Management (CLO manager); London-based leveraged finance arm of Newark, N.J.-based Prudential Financial, Inc.

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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