Chicago, May 3 – MJX Asset Management LLC repriced $341.48 million from two classes of notes from the Venture 35 CLO, Ltd./Venture 35 CLO, LLC transaction, according to a notice.
The notes are still due Oct. 22, 2031.
The refinancing notes are the $305 million of class A-LR senior secured floating-rate notes at Libor plus 120 basis points and $36.475 million of class B-LR senior secured floating-rate notes at Libor plus 175 bps.
MJX will manage the collateral through the end of the reinvestment period.
Collateral is primarily from syndicated senior secured corporate loans.
The non-call period has been extended as part of the transaction.
The asset management firm is based in New York City.
Issuers: | Venture 35 CLO, Ltd./Venture 35 CLO, LLC
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Issue: | Floating-rate notes
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Structure: | Cash flow CLO
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Amount: | $341.48 million
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Maturity: | Oct. 22, 2031
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Manager: | MJX Asset Management LLC
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Announcement date: | April 22
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Class A-LR notes
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Amount: | $305 million
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Securities: | Senior secured floating-rate notes
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Coupon: | Libor plus 120 bps
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Rating: | Moody's: Aaa
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Class B-LR notes
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Amount: | $36.475 million
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Securities: | Senior secured floating-rate notes
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Coupon: | Libor plus 175 bps
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Rating: | Moody's: Aa1
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