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Published on 7/28/2020 in the Prospect News CLO Daily.

MJX Asset Management mulls repricing of notes from vintage 2017 Venture XXVIII CLO

By Cristal Cody

Tupelo, Miss., July 28 – MJX Asset Management LLC is considering a potential repricing of notes from its Venture XXVIII CLO, Ltd./Venture XXVIII CLO, LLC transaction, according to a notice on Monday.

The CLO plans to reprice the class B-F notes and/or the class C-F notes.

Venture XXVIII sold $22,131,579 of 3.8% class B-F senior secured fixed-rate notes and $16,842,106 of 4.5% class C-F mezzanine secured deferrable fixed-rate notes as part of the original $537,100,003 offering issued July 18, 2017.

The notes are due July 20, 2030.

MJX affiliate MJX Venture Management II LLC is the CLO manager.

The CLO is backed primarily by broadly syndicated first-lien senior secured corporate loans.

The asset management firm is based in New York City.


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