MJX, Whitebox, Steele Creek, Golub, Barings price CLOs; Voya refinances; CVC on tap

By Cristal Cody

Tupelo, Miss., Aug. 7 – CLO issuers poured into the primary market in late July with several deals priced, while the refinancing space also remains active in August.

MJX Asset Management LLC priced a new $607.9 million broadly syndicated CLO.

Golub Capital affiliate GC Advisors LLC sold $405.2 million of notes in its broadly syndicated CLO offering.

Steele Creek Investment Management LLC priced $405.19 million of notes in the manager’s second broadly syndicated CLO deal this year.

Whitebox Capital Management, LLC brought a debut $401.45 million CLO transaction to the primary market.

In euro-denominated supply, Barings (UK) Ltd. sold €407.2 million of notes.

Meanwhile, Voya Alternative Asset Management LLC refinanced $368.1 million of notes from a 2016 CLO transaction.

In other market activity, CVC Credit Partners, LLC plans to price a second reprint of vintage 2013 CLO notes.

In its deal, MJX Asset Management priced $607.9 million of notes due July 30, 2032 at par in the new Venture 38 CLO, Ltd./Venture 38 CLO, LLC transaction, according to a market source.

The CLO sold $372 million of class A-1 senior secured floating-rate notes at Libor plus 134 basis points and $24 million of class A-2 senior secured floating-rate notes at Libor plus 175 bps at the top of the capital stack.

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