Venture XXIV CLO directed to redeem secured debt on Aug. 23

By Sarah Lizee

Olympia, Wash., Aug. 13 – Venture XXIV CLO Ltd. and Venture XXIV CLO LLC received direction from a majority of their subordinated noteholders to refinance their secured debt in whole, according to a notice.

The class A-1D, A-1P, A-F, A-2a, A-2b, B, C-1, C-F, D-1, D-2 and E notes will be redeemed on Aug. 23 at par plus accrued interest to the redemption date.

The subordinated notes will not be redeemed.

Citibank, NA is the trustee. New York-based MJX Asset Management LLC is the collateral manager.

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