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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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