Chicago, May 11 – MJX Asset Management LLC sold $514.7 million of notes in a new CLO issued by Venture 43 CLO Ltd./Venture 43 CLO LLC, according to a notice.
The CLO matures April 17, 2034.
The portfolio has $5 million of class X senior secured floating-rate notes at Libor plus 105 basis points, $300 million of class A-1 senior secured floating-rate notes at Libor plus 124 bps, $20 million of class A-2 senior secured floating-rate notes at Libor plus 150 bps and $60 million of class B senior secured floating-rate notes at Libor plus 180 bps.
Lower, there are $29.5 million of class C mezzanine secured deferrable floating-rate notes at Libor plus 225 bps, $28.3 million of class D mezzanine secured deferrable floating-rate notes at Libor plus 347 bps, $22.3 million of class E junior secured deferrable floating-rate notes at Libor plus 715 bps and $49.6 million of subordinated notes.
Deutsche Bank Securities Inc. is the underwriter.
MJX Asset is the collateral manager during the five-year reinvestment period.
Collateral is mostly senior secured loans, cash and eligible investments.
MJX is an asset management firm based in New York City.
Issuers: | Venture 43 CLO Ltd./Venture 43 CLO LLC
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Issue: | Floating-rate and subordinated notes
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Structure: | Cash flow CLO
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Amount: | $514.7 million
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Maturity: | April 17, 2034
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Agent: | Deutsche Bank Securities Inc.
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Manager: | MJX Asset Management LLC
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Settlement date: | May 26
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Class X notes
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Amount: | $5 million
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Securities: | Senior secured floating-rate notes
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Coupon: | Libor plus 105 bps
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Rating: | Moody's: Aaa
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Class A-1 notes
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Amount: | $300 million
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Securities: | Senior secured floating-rate notes
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Coupon: | Libor plus 124 bps
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Rating: | Moody's: Aaa
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Class A-2 notes
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Amount: | $20 million
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Securities: | Senior secured floating-rate notes
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Coupon: | Libor plus 150 bps
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Rating: | Moody's: Aaa
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Class B notes
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Amount: | $60 million
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Securities: | Senior secured floating-rate notes
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Coupon: | Libor plus 180 bps
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Rating: | Moody's: Aa2
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Class C notes
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Amount: | $29.5 million
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Securities: | Mezzanine secured deferrable floating-rate notes
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Coupon: | Libor plus 225 bps
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Rating: | Moody's: A2
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Class D notes
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Amount: | $28.3 million
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Securities: | Mezzanine secured deferrable floating-rate notes
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Coupon: | Libor plus 347 bps
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Rating: | Moody's: Baa3
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Class E notes
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Amount: | $22.3 million
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Securities: | Junior secured deferrable floating-rate notes
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Coupon: | Libor plus 715 bps
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Rating: | Moody's: Ba3
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Subordinated notes
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Amount: | $49.6 million
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Securities: | Subordinated notes
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