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Published on 10/3/2017 in the Prospect News CLO Daily and Prospect News Liability Management Daily.

Venture XXI directed to redeem class A, B, C, D secured notes Oct. 16

By Tali Rackner

Minneapolis, Oct. 3 – Venture XXI CLO, Ltd./Venture XXI CLO, LLC was directed by a majority of its subordinated noteholders to redeem four classes of its secured debt, according to a notice from trustee Citibank, NA.

The class A, B, C and D notes are expected to be redeemed at par plus accrued interest on Oct. 16.

The transaction will be funded using proceeds from an expected refinancing.

New York City-based MJX Asset Management LLC is the collateral manager.


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