MJX prices partial refi of US BSL CLO Venture 44
MJX Asset Management has printed a partial refinancing of its Venture 44 deal, a 2021 vintage BSL-backed CLO

MJX refinances 2021 vintage US BSL CLO
MJX is keeping busy, with a 2021-vintage refi following on a little more than a month after the manager priced its second new BSL CLO this year

MJX returns with second new-issue CLO of 2024
MJX Asset Management has priced its second new CLO of the year via Jefferies in a USD 406.35m transaction

MJX refinances top of stack of Venture 34
MJX Venture Management, working with JP Morgan as arranger, has refinanced the two most-senior tranches of a US BSL CLO from 2018.

2019 vintage US CLO is refinanced for the second time
MJX Asset Management priced a second refinancing of a 2019 vintage CLO on Wednesday, following an initial refi that took place in 2021

MJX prices CLO number 49
The latest in the long-running Venture line of US CLOs hit the market earlier this week, when MJX Asset Management priced its latest new deal

Monthly new US CLO volumes highest since May as MJX prices new deal
US new CLO volumes for August surpassed $6 billion on Friday after MJX Asset Management priced its second deal of the year named Venture 48

US CLO pipeline: Spreads and tenors disperse as six managers eye new issues
Dispersion has come to the fore in the US CLO market with higher tier managers able to price their triple As in the 180-185 basis points range and others up around 200bps. But this week’s pipeline shows there is some divergence in the length of CLOs coming to the market too

US CLO pipeline: issuers takes credit sell-off in their stride as supply picks up
Despite the collapse of Silicon Valley Bank and Signature Bank in the last week, the CLO machine has continued to churn with just shy of $5 billion of US and mid market CLO issuance this week

Lights go out for Heritage Power with 120 CLOs left in the dark
US based power plant operator Heritage Power filed for chapter 11 bankruptcy in the bankruptcy court of Texas on Tuesday night, impacting $124.45 million of assets held by 120 US CLOs.

US managers recalibrate as Euro CLO portfolio spreads rise: Moody's
CLO managers have had to readjust this year and data from Moody’s Investor Services shows weighted average rating factor scores for all US CLOs have held steady, while weighted average spreads have dropped 0.15%

Nerves of steel needed for CLOs as Phoenix Services files for chapter 11
CLOs hold $341.54 million of steel service provider Phoenix Services Topco which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware yesterday

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

CLO managers in the mix for first US credit event auction since 2020
CDS contracts referencing Talen Energy Supply will be settled by credit event auction next month. And Talen's recovery levels will have relevance for a number of CLO managers that have held onto the company's debt - in some cases having bought more very recently

CLOs at a glance (May 2022)
A listing of CLOs that have priced in the last month
   

Attack-minded CLO managers capitalise on bearish outlook
Some of the most aggressive CLO managers have benefited from loan market volatility in March after having tweaked their portfolios in the months beforehand

US CLO league tables: Blackstone and Citi win new issues but CSAM and JP Morgan take overall issuance crown
The US CLO market had an extraordinary 2021 with almost $400 billion of overall issuance pricing as records were set for all forms of issuance

CLO managers show respect to their elders
Alongside lucrative new issues, managers also make time for refinancing and resetting old deals. Our data shows that, in 2021, mid-sized firms were the most effective at this balancing act

Jefferies brings two CLOs to market and takes US CLO arranging total past $20 billion
Jefferies has brought two CLOs to market to take its arranging total past $20 billion

Three control CLO equity blocks trade, including rare CIFC deal with ultra-low funding costs
Three US CLO anchor equity positions traded Tuesday courtesy of one b-wic at 9.30am New York time

CSAM regains best manager throne
Upstart CLO managers overtook more experienced rivals at last year’s Creditflux Manager Awards, but CSAM and other large firms, such as PGIM, emerged victorious in London this time around

Investors clamour for fixed-rate CLOs ahead of rate rise
Demand for fixed-rate US CLO paper is so strong these notes are pricing much tighter than pari passu floating rate equivalents in the primary market

Elmwood, LCM and MJX each print new issue CLOs
Three CLO managers - Elmwood Asset Management, LCM Asset Management and MJX Asset Management - came to market with new issue CLOs on Wednesday

CLO pipeline: Carlyle unstoppable as PGIM looks to tighten double As
The CLO machine is refusing to slowdown, churning out deals as the US market is set to welcome a flurry of deals in the coming weeks – with 18 new issues, 14 resets and 10 refinancings in the marketing stage.