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.

MJX prints $407 million CLO refi
MJX Asset Management has priced a $407 million refinancing of the triple to single A notes of its 2019 CLO Venture 37

MJX resets CLO just days before old reinvestment end date
MJX Asset Management reset its 2016 CLO named Venture XXIII on Friday, just three days before the deal was set to leave its original reinvestment period

Coronavirus tiers up old ranking script
Forget everything you thought you knew about CLO manager tiers. Apollo and Blackstone are mainstays, but smaller, more nimble issuers are finding new ways to stand out from the crowd

CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year

CLOs at a glance (June 2021)
A listing of CLOs that have priced in the last month

Ellington and MJX score refis of 2019 CLOs
Ellington Management Group and MJX Asset Management are the latest firms to print refinancings of 2019 CLOs

Deutsche Bank starts comeback by pricing first US BSL CLO of 2021
Deutsche Bank has arranged its first new issue US CLO of 2021, teaming up with MJX Asset Management to issue the deal named Venture 43

Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill

CLO pipeline: Deutsche Bank and Carlson hit comeback trail
The CLO market is preparing to be very active in the coming weeks, as the issuance slow-down is set to be in the rear view mirror

Deutsche Bank commits to US CLOs with first 2021 deal set to price and plans to hire
Deutsche Bank is taking the loss of two officials from its US CLO business in its stride with a spokesperson for the bank telling Creditflux that it expects to price a deal next week and there are plans to hire this year

High-spread US CLO manager issues triple As at 113.5bp
A large US CLO manager has issued its second US CLO of the year in a deal that suggests that CLO spreads could be moving wider

CLO refi spree heats up with $1.84 billion in one day
Another $1.84 billion of CLO paper refinanced on Friday as five managers - PineBridge Investments, Credit Suisse Asset Management, Mackay Shields, Steele Creek and MJX Asset Management - took to the primary market to cut their funding costs

CLO pipeline: US adds deals at frenetic pace as Europe catches breath after record start
US CLO investors have numerous deals to consider with 13 new issues and 15 repricings being prepared to flood the market in the coming days

JP Morgan shaves costs on over $1 billion of CLO refis for Sound Point and MJX
JP Morgan printed over $1 billion CLO refinancings this week by arranging cost-saving transactions for Sound Point Capital Management and MJX Asset Management

MJX pushes tighter with third CLO transaction of 2021
MJX Asset Management priced its third CLO primary transaction of the year on Thursday, teaming up with Jefferies to refinance four senior tranches of its 2018-vintage CLO named Venture 33

MJX prices second CLO transaction of 2021
MJX Asset Management has become the first manager to price a second CLO primary market transaction in 2021

MJX prints first reinvesting CLO of the year
MJX Asset Management has become the first CLO manager to print a reinvesting new issue transaction in 2021, teaming up with Jefferies as lead arranger and Bank of America as co-arranger on the $507.3 million deal, named Venture 41

CLO pipeline: managers waste no time cracking open the new year
The US CLO primary market is itching to open shop in 2021 as four refinancings and two resets line up alongside seven managers marketing new deals

MJX joins CLO market trend towards floating rate refis
Pre-covid style CLO refinancings are continuing to make their longawaited comeback as MJX Asset Management became the latest manager to execute a mult-tranche floating rate refi in December

CLO pipeline: three behemoths prepare for quick-turnaround new issues
CLO managers have printed at a frenetic pace since the start of the quarter with $3.36 billion of issuance across all CLO markets and pricing types

Investors sell downgraded CLO tranches as single Bs widen sharply
Four CLO tranches downgraded during the third quarter are featured on a b-wic today that concludes 11am New York time, offering investors a chance to cash in on the recent spike in junior CLO spreads

CLO pipeline: managers prepare to end quarter with a bang
CLO issuance is showing no signs of slowing down as spreads continue to grind tighter and election day draws ever closer

Fracking servicer FTS files for chapter 11 protection
Fracking servicer FTS International filed for chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas Houston yesterday. The credit is not widely featured in CLOs with only nine managers holding $47.9 million of FTI’s term loans

Covid-19 pandemic draws CLO repricing from out of shadows
A rare CLO repricing took place last month, despite the option being written into CLO documentation for years