Chicago, May 23 – MJX Asset Management LLC sold $506.8 million in a collateralized loan obligation being issued by Venture 45 CLO, Ltd., according to multiple press releases.
The notes will mature on July 20, 2035.
The CLO consists of $5 million of class X senior secured floating-rate notes at SOFR plus 125 basis points, $300 million of class A-1 senior secured floating-rate notes at SOFR plus 150 bps, $25 million of class A-2 senior secured floating-rate notes at SOFR plus 175 bps, $55 million of class B senior secured floating-rate notes at SOFR plus 210 bps, $30 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 260 bps, $25 million of class D1 mezzanine secured deferrable floating-rate notes at SOFR plus 400 bps, $5 million of class DF 6.1% mezzanine secured deferrable fixed-rate notes, $20 million of class E junior secured deferrable floating-rate notes at SOFR plus 770 bps and $41.8 million of subordinated notes.
MJX Asset Management LLC will manage the collateral through the end of the 5.2-year reinvestment period on 5.2-year.
Collateral for the notes consists of a portfolio of first-lien senior secured leveraged loans.
Jefferies LLC was the placement agent.
MJX is an asset management firm based in New York City.
Issuer: | Venture 45 CLO, Ltd.
|
Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
Amount: | $506.8 million
|
Maturity: | July 20, 2035
|
Structure: | Cash flow CLO
|
Placement agent: | Jefferies LLC
|
Manager: | MJX Asset Management LLC
|
Settlement date: | May 20
|
|
Class X notes
|
Amount: | $5 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | SOFR plus 125 bps
|
Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
Class A-1 notes
|
Amount: | $300 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | SOFR plus 150 bps
|
Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
Class A-2 notes
|
Amount: | $25 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | SOFR plus 175 bps
|
Rating: | Moody's: Aaa
|
|
Class B notes
|
Amount: | $55 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | SOFR plus 210 bps
|
Rating: | Moody's: Aa2
|
|
Class C notes
|
Amount: | $30 million
|
Securities: | Mezzanine secured deferrable floating-rate notes
|
Coupon: | SOFR plus 260 bps
|
Rating: | Moody's: A2
|
|
Class D1 notes
|
Amount: | $25 million
|
Securities: | Mezzanine secured deferrable floating-rate notes
|
Coupon: | SOFR plus 400 bps
|
Rating: | Moody's: Baa3
|
|
Class DF notes
|
Amount: | $5 million
|
Securities: | Mezzanine secured deferrable fixed-rate notes
|
Coupon: | 6.1%
|
Rating: | Moody's: Baa3
|
|
Class E notes
|
Amount: | $20 million
|
Securities: | Junior secured deferrable floating-rate notes
|
Coupon: | SOFR plus 770 bps
|
Rating: | Moody's: Ba3
|
|
Subordinated notes
|
Amount: | $41.8 million
|
Securities: | Subordinated notes
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.