GSO/Blackstone, MJX ready CLO deals; CSAM to refinance vintage 2011 CLO

By Cristal Cody

Tupelo, Miss., July 30 – CLO managers GSO/Blackstone Debt Funds Management LLC and MJX Asset Management LLC are in the deal pipeline, according to market sources on Wednesday.

GSO/Blackstone Debt Funds Management plans to price $615.55 million of notes due 2026 in the Birchwood Park CLO, Ltd./Birchwood Park CLO LLC deal, a source said.

Wells Fargo Securities, LLC is the placement agent.

The deal will be the third CLO offering of the year for GSO/Blackstone, the New York City-based subsidiary of alternative asset manager GSO Capital Partners LP.

MJX Asset Management intends to price the $618.2 million Venture XVIII CLO, Ltd./Venture XVIII CLO LLC transaction via RBC Capital Markets, LLC, according to a market source.

The deal will be New York City-based MJX Asset Management’s third CLO offering of the year.

In other market activity, Credit Suisse Asset Management, LLC plans to refinance $365.5 million of notes in the Atrium VII/Atrium VII, LLC transaction that originally priced in 2011, according to a draft proposed supplemental indenture.

The CLO is expected to refinance $253 million of class A-R senior secured floating-rate notes (Aaa/AAA/) at no higher than Libor plus 120 basis points, according to the notice.

The notes will be refinanced on Aug. 18.

Credit Suisse Securities (USA) LLC and MUFG are the underwriters.

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