Chicago, Aug. 2 – MJX Venture Management II LLC sold $298.4 million in a collateralized loan obligation being issued by Venture 46 CLO, Ltd., according to a new issue report and a press release.
The notes will mature on July 20, 2035.
The CLO consists of $3 million of class X senior secured floating-rate notes at SOFR plus 175 basis points, $125.3 million of class A-1N senior secured floating-rate notes at SOFR plus 176 bps, $59.3 million of class A-1F 4.29% senior secured fixed-rate notes, $5 million of class A-2N senior secured floating-rate notes at SOFR plus 215 bps, $5.5 million of class A-2F 5.02% senior secured fixed-rate notes, $16.4 million of class BN senior secured floating-rate notes at SOFR plus 300 bps, $16.6 million of class BF 5.77% senior secured fixed-rate notes, $15 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 415 bps, $15 million of class D1 mezzanine secured deferrable floating-rate notes at SOFR plus 467 bps, $3 million of class D2 mezzanine secured deferrable floating-rate notes at SOFR plus 564 bps, $12.8 million of class E junior secured deferrable floating-rate notes at SOFR plus 826 bps and$21.5 million of subordinated notes.
MJX Venture Management II LLC will manage the collateral through the end of the reinvestment period in five years.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Jefferies LLC was the placement agent.
MJX is an asset management firm based in New York City.
| Issuer: | Venture 46 CLO, Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $298.4 million
|
| Maturity: | July 20, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies LLC
|
| Manager: | MJX Venture Management II LLC
|
| Settlement date: | July 27
|
|
|
| Class X notes
|
| Amount: | $3 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 175 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-1N notes
|
| Amount: | $125.3 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 176 bps
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-1F notes
|
| Amount: | $59.3 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 4.29%
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2N notes
|
| Amount: | $5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 215 bps
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2F notes
|
| Amount: | $5.5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.02%
|
| Rating: | Moody's: Aaa
|
|
|
| Class BN notes
|
| Amount: | $16.4 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class BF notes
|
| Amount: | $16.6 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.77%
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | $15 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 415 bps
|
| Rating: | Moody's: A2
|
|
|
| Class D1 notes
|
| Amount: | $15 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 467 bps
|
| Rating: | Fitch: BBB+
|
|
|
| Class D2 notes
|
| Amount: | $3 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 564 bps
|
| Rating: | Fitch: BBB
|
|
|
| Class E notes
|
| Amount: | $12.8 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 826 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $21.5 million
|
| Securities: | Subordinated notes
|
|
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