Two new collateralized loan obligations are on the market, totaling $613.5 million, according to Standard and Poor's presale reports.

Oak Hill Advisors plans to issue a $200 million actively managed CLO dubbed OHA Loan Funding 2013-2. It's being arranged by GreensLedge Capital Markets and expected to close today. The deal features three senior tranches preliminarily rated 'AAA', 'AA', and 'A', respectively, by S&P and $50 million unrated subordinated notes. The $116 million A notes are being marketed at three-month Libor plus 127 basis points. The $25 million B and $9 million C notes are set at three-month Libor plus 180 basis points and 325 basis points, respectively.

OHA is a cash flow CLO backed by a revolving pool consisting primarily of broadly syndicated senior secured loans. The pool has 120 obligators. Oak Hill currently manages 10 other S&P-rated CLOs.

Invesco Senior Secured Management is marketing a $413.5 million deal, called North End CLO, also expected to close today. Merrill Lynch, Pierce, Fenner, & Smith is arranging the transaction. It offers $246.5 million 'AAA' rated A notes, $56 million 'AA' rated B notes, $29.5 million 'A' rated derrable C notes, $21 million 'BBB' rated deferrable D notes, $18 million 'BB' rated deferrable E notes, $10 million 'B' rated deferrable F notes, and $32.5 million unrated subordinated notes.

Tight of Oak Hill's deal and other CLOs that priced this week, the notes are being marketed at three-month Libor plus 115 basis points, 165 basis points, 275 basis points, 350 basis points, 460 basis points, and 550 basis points, respectively. North End is backed by a revolving pool with 210 obligators that consists primarily of broadly syndicated senior secured loans. Invesco currently manages 15 CLOs.

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