By Cristal Cody
Tupelo, Miss., Aug. 10 – MJX Asset Management LLC priced a $55 million repricing of notes from its Venture 28A CLO, Ltd./Venture 28A CLO, LLC offering, according to a market source and issuer notice.
The CLO repriced the class B-FR senior secured notes with a 3.25% fixed rate.
The class C-FR mezzanine secured deferrable notes priced with a 4.25% coupon.
Jefferies LLC arranged the transaction.
MJX affiliate MJX Venture Management II LLC is the CLO manager.
Venture 28A was originally issued on July 28, 2017.
The deal included $42.5 million of 3.923% class B-F senior secured fixed-rate notes and $12.6 million of 4.6% class C-F mezzanine secured deferrable fixed-rate notes.
The notes are due in October 2029.
Proceeds will be used to redeem the original class B-F and C-F notes.
The CLO is backed primarily by broadly syndicated first-lien senior secured corporate loans.
The asset management firm is based in New York City.
| Issuer: | Venture 28A CLO, Ltd./Venture 28A CLO, LLC
|
| Amount: | $55 million repricing
|
| Maturity: | October 2029
|
| Securities: | Fixed-rate notes
|
| Structure: | Cash flow CLO
|
| Refinancing agent: | Jefferies LLC
|
| Manager: | MJX Venture Management II LLC
|
| Pricing date: | Aug. 4
|
| Settlement date: | Aug. 18
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Class B-FR notes
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 3.25%
|
| Original coupon: | 3.923%
|
|
|
| Class C-FR notes
|
| Securities: | Mezzanine secured deferrable fixed-rate notes
|
| Coupon: | 4.25%
|
| Original coupon: | 4.599%
|
|
|
© 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.
