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Payless bankruptcy steps on toes of CLOs
5 years ago
CLOs hold exposure to the debt of US retailer Payless ShoeSource, which filed for Chapter 11 bankruptcy earlier this week -
US clothing brand default leaves CLOs exposed
5 years ago
As many as 100 CLOs are among the holders of debt issued by FullBeauty, which defaulted on 31 October on an interest payment to its $345 million second lien loans -
MJX resets 2014 CLO in partnership with Citi
5 years ago
MJX Asset Management has reworked its 2014 CLO Venture XIX for a second time -
MJX prints unusual CLO with step-up triple A notes
5 years ago
MJX Asset Management priced a new issue CLO named Venture 35 yesterday, taking the unusual step of putting a step-up mechanism on its triple A notes -
RBC prices $509 million risk retention-compliant CLO for MJX
5 years ago
MJX Asset Management has priced more than $5 billion worth of CLO paper in 2018 following the launch of Venture 34 yesterday. The US deal is expected to comply with European risk retention rules -
Wide CLO pricing need not be a drag
5 years ago
Established managers can price CLO liabilities at attractive levels, but we find that CLOs saddled with higher financing costs have nevertheless been among the market’s outstanding performers -
Wide CLO pricing need not be a drag
5 years ago
Established managers can price CLO liabilities at attractive levels, but we find that CLOs saddled with higher financing costs have nevertheless been among the market’s outstanding performers -
MJX refinances 2016 CLO with triple As at 107bp
5 years ago
MJX Asset Management refinanced a 2016 vintage CLO yesterday, according to market sources -
MJX ventures into Europe with risk retention-compliant US CLO
5 years ago
MJX Asset Management priced a new issue US CLO on Friday that is compliant with European risk retention rules -
MJX prices its fifth CLO transaction of the year
6 years ago
MJX Asset Management issued a short-dated CLO reset yesterday, which is its sixth transaction in the CLO market this year -
US league tables: Old favourites fight off new challengers but competition remains tight
6 years ago
A familiar name leads the US CLO arranger league tables this year, delivering $6.5 billion of issuance. In the manager space, New York-based MJX Asset Management has been the most prolific player for 2018 -
B-wic round-up: attention shifts to senior US CLO paper as trade rate hits 100%
6 years ago
The availability of US CLO equity tranches in the secondary market dried up last week, with holders perhaps reacting to regulators' move to repeal US CLO risk retention -
New York CLO manager teams up with Jefferies to refinance a reset deal
6 years ago
The manager has refinanced its 2012 CLO following a $666 million transaction, according to market sources -
Five CLO control equity positions worth $126.2 million up for grabs this week
6 years ago
Control equity stakes in US CLOs worth $126.2 million have been circulted on b-wics this week -
New York manager becomes second to price two US CLO resets in January
6 years ago
A prolific US CLO manager has issued two resets already this month -
Jefferies prices its first CLO transaction of the year
6 years ago
The bank priced a $423 million short term reset yesterday -
US CLO manager prices fourth refinancing of the year
6 years ago
The manager priced its 14th CLO transaction of the year yesterday, refinancing its 2015 deal -
MJX shrugs off CIO departure to price $715 million CLO
6 years ago
MJX Asset Management priced its fifth new issue CLO of 2017 yesterday, according to market sources. It has also emerged that a senior official has recently left the firm -
MJX issues over $1 billion in one day as it prices CLO refi and reset
6 years ago
MJX Asset Management priced two transactions in the US CLO market yesterday, bringing its 2017 volumes to $6.93 billion -
MJX resets 2013 CLO two months after it left its reinvestment period
6 years ago
The reset extends the deal's reinvestment period for four years and its non-call period for two years -
US CLO round-up: 2017's leading managers come back for more
6 years ago
Three of the most active managers in the CLO market this year – including two who dared venture into the primary market in the opening weeks of 2017 – returned to price their latest CLO transactions this week. We look at which managers have been most active in 2017 across new issue, refis and resets -
MJX prices CLO reset with signs of Japanese triple-A investment
6 years ago
The New York manager has priced ten transactions on the US CLO market this year -
Market opens up for yen repacks of CLOs as KKR Credit and MJX plan resets
6 years ago
In the last couple of years CLOs have been refinanced, reset and repackaged with a fair degree of regularity. Now for the first time, repacks of resets are set to occur -
MJX grabs the cookie cutter for fourth new US CLO of 2017
6 years ago
MJX Asset Management has priced its fourth new CLO of 2017, achieving near identical pricing for Venture XXIX as for the similarly structured Venture XXVIII -
Spread decline makes style vital
6 years ago
It’s not the number of CLOs you manage, it’s how you manage them: with 62 US firms pricing CLOs this year, managers are keen to stand out from the crowd
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