MJX Asset Management prices $520M CLO via UBS
Fed rally & default fears bring bifurcation back to leveraged loans
Industry-Specific Losses Stand Out In Leveraged Loan Market As COVID-19, Oil Fears Globalize
Loan Downgrades Are the Biggest Concern for the European CLO Market
Europe’s Leveraged Loan Issuers Draw on Revolving Credits to Preserve Liquidity
UBS earlier this week priced a $520 million CLO for MJX Asset Management, according to sources.
Terms of the deal, which is the asset manager’s second CLO to price this year, are as follows, according to the S&P presale report:
The deal has a four-year reinvestment period and a two-year non-call period, according to S&P. – Kerry Kantin
