MJX prices $558.75 million CLO; Maranon wraps middle-market deal; CSAM plans new CLO

By Cristal Cody

Tupelo, Miss., April 16 – Both the CLO broadly syndicated and middle-market spaces are staying active.

MJX Asset Management LLC priced a $558.75 million broadly syndicated CLO.

Meanwhile, Maranon Capital, LP priced a $410 million middle-market CLO deal that closed on Monday.

In the broadly syndicated primary market, Credit Suisse Asset Management, LLC is marketing $601.7 million of notes in its second dollar-denominated CLO offering of the year.

The manager’s $503.3 million Madison Park Funding XXXIV Ltd./Madison Park Funding XXXIV LLC transaction that priced in March is expected to close on April 25.

In its deal, MJX Asset Management priced $558.75 million of notes due April 20, 2032 in the new issue Venture 36 CLO, Ltd./Venture 36 CLO, LLC transaction, according to market sources.

The CLO sold $305.8 million of the class A-1A senior secured floating-rate notes at Libor plus 143 basis points.

Meanwhile, Maranon Capital priced $410 million of notes due April 15, 2031 in a new middle-market CLO deal that closed on Monday, according to a market source.

Maranon Loan Funding 2019-1 Ltd./Maranon Loan Funding 2019-1 LLC sold $135 million of class A-1A floating-rate notes at Libor plus 185 bps at the top of the capital structure.

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