MJX offers $525 million Venture XXIV CLO; secondary market trading volume lower

By Cristal Cody

Eureka Springs, Ark., Aug. 5 – MJX Asset Management LLC joined the CLO deal pipeline with plans to bring its second deal of the year.

The CLO manager is marketing a $525 million transaction.

Canyon CLO Advisors LLC also is on the deal calendar with the $460.25 million Canyon Capital CLO 2016-2, Ltd./Canyon Capital CLO 2016-2, LLC transaction via J.P. Morgan Securities LLC.

More than $34 billion of CLOs have priced year to date, according to Prospect News data.

In secondary trading, 67 investment-grade CBO/CDO/CLO issues totaling $406.3 million and 44 non-investment-grade CBO/CDO/CLO securities totaling $120.29 million traded on Thursday, according to Trace.

On Wednesday, $695.12 million in 47 investment-grade CBO/CDO/CLO issues and $133.88 million in 34 non-investment-grade CBO/CDO/CLO securities were traded.

MJX Asset Management plans to price $525 million of notes due Oct. 17, 2028 in the Venture XXIV CLO, Ltd. offering, backed by broadly syndicated loans, according to a market source.

Jefferies LLC is the placement agent.

MJX Asset Management has priced one CLO year to date.

The New York City-based asset management company priced three new CLO deals and refinanced one vintage CLO in 2015.

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