Chicago, May 3 – MJX Asset Management LLC repriced $341.48 million from two classes of notes from the Venture 35 CLO, Ltd./Venture 35 CLO, LLC transaction, according to a notice.
The notes are still due Oct. 22, 2031.
The refinancing notes are the $305 million of class A-LR senior secured floating-rate notes at Libor plus 120 basis points and $36.475 million of class B-LR senior secured floating-rate notes at Libor plus 175 bps.
MJX will manage the collateral through the end of the reinvestment period.
Collateral is primarily from syndicated senior secured corporate loans.
The non-call period has been extended as part of the transaction.
The asset management firm is based in New York City.
| Issuers: | Venture 35 CLO, Ltd./Venture 35 CLO, LLC
|
| Issue: | Floating-rate notes
|
| Structure: | Cash flow CLO
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| Amount: | $341.48 million
|
| Maturity: | Oct. 22, 2031
|
| Manager: | MJX Asset Management LLC
|
| Announcement date: | April 22
|
|
|
| Class A-LR notes
|
| Amount: | $305 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 120 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-LR notes
|
| Amount: | $36.475 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 175 bps
|
| Rating: | Moody's: Aa1
|
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