Chicago, Feb. 26 – MJX Asset Management LLC has refinanced $490.5 million in five classes of notes from the Venture 33 CLO, Ltd./Venture 33 CLO, LLC transaction, according to a revised indenture.
The new portfolio, which still matures July 2031, contains $333 million of class A-1LR senior secured floating-rate notes at Libor plus 106 bps, $32 million of class A-1FR 1.399% senior secured fixed-rate notes at Libor plus bps, $25 million of class A-2R senior secured floating-rate notes at Libor plus 133 bps, $63 million of class B-R senior secured floating-rate notes at Libor plus 155 bps and $37.5 million of class C-R mezzanine secured deferrable floating-rate notes at Libor plus 228 bps.
The class D, class E, class F and subordinated notes from the original transaction which closed on Aug. 15, 2018 are not part of the refinancing.
The original notes are being redeemed with the refinancing notes.
The non-call period has been extended for the refinanced notes until Feb. 26, 2022.
Jefferies is the placement agent.
The asset management firm is based in New York City.
| Issuers: | Venture 33 CLO, Ltd./Venture 33 CLO, LLC
|
| Amount: | $490.5 million
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| Maturity: | July 2031
|
| Securities: | Floating-rate and fixed-rate notes
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| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies
|
| Manager: | MJX Asset Management LLC
|
| Call: | Feb. 26, 2022
|
| Settlement date: | Feb. 26
|
|
|
| Class A-1LR notes
|
| Amount: | $333 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 106 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-1FR notes
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| Amount: | $32 million
|
| Securities: | Senior secured fixed-rate notes
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| Coupon: | 1.399%
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2R notes
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| Amount: | $25 million
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| Securities: | Senior secured floating-rate notes
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| Coupon: | Libor plus 133 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-R notes
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| Amount: | $63 million
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| Securities: | Senior secured floating-rate notes
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| Coupon: | Libor plus 155 bps
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| Rating: | Moody's: Aa2
|
|
|
| Class C-R notes
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| Amount: | $37.5 million
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| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | Libor plus 228 bps
|
| Rating: | Moody's: A2
|
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