JPMorgan has established price guidance on a $513.35 million CLO it is marketing for Carlyle Investment Management, according to Reuters.
The Carlyle Global Market Strategies CLO 2012-2 — which has been slightly upsized since its launch in April at $512.6 million — includes a $323 million triple-A-rated tranche priced at Libor plus 133 basis points; a $55 million double-A tranche at Libor plus 250 basis points; a $37.5 million single-A slice at Libor plus 375 basis points; a $24 million triple-B slice at Libor plus 575 bps; a $23 million double-B priced at Libor plus 775 bps; and a $50.85 million equity tranche.
Commitments to the deal are due on May 29. Pricing is expected on June 1, the news wire reported. The fund has a two-year non-call period and a four-year reinvestment period. It matures in 11 years.
A spokesman for JPMorgan declined to comment. A spokesman for Carlyle did not immediately respond to a request for comment.