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.