Chicago, April 10 – MJX Asset Management LLC sold $393.45 million in a collateralized loan obligation issued by Venture 47 CLO Ltd./Venture 47 CLO LLC, according to a presale report.
The notes will mature on April 20, 2036.
The CLO consists of $240 million of class A-1 senior secured floating-rate notes at SOFR plus 192 basis points, $20 million of class A-J senior secured floating-rate notes at SOFR plus 230 bps, $44 million of class B senior secured floating-rate notes at SOFR plus 265 bps, $24 million of class C senior secured deferrable floating-rate notes at SOFR plus 375 bps, $17 million of class D1 senior secured deferrable floating-rate notes at SOFR plus 657 bps, $5 million of class DF 9.97% senior secured deferrable fixed-rate notes, $14 million of class E senior secured deferrable floating-rate notes at SOFR plus 915 bps and $29.45 million of subordinated notes.
MJX Asset Management LLC will manage the collateral through the end of the reinvestment period on April 20, 2028.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting April 20, 2025.
Jefferies was the placement agent.
MJX is an asset management firm based in New York City.
| Issuer: | Venture 47 CLO Ltd./Venture 47 CLO LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $393.45 million
|
| Maturity: | April 20, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies
|
| Manager: | MJX Asset Management LLC
|
| Call feature: | April 20, 2025
|
| Settlement date: | March 28
|
|
|
| Class A-1 notes
|
| Amount: | $240 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 192 bps
|
| Rating: | Moody’s: Aaa
|
| S&P: AAA
|
|
|
| Class A-J notes
|
| Amount: | $20 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 230 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $44 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 265 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 375 bps
|
| Rating: | S&P: A
|
|
|
| Class D1 notes
|
| Amount: | $17 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 657 bps
|
| Rating: | S&P: BBB
|
|
|
| Class DF notes
|
| Amount: | $5 million
|
| Securities: | Senior secured deferrable fixed-rate notes
|
| Coupon: | 9.97%
|
| Rating: | S&P: BBB
|
|
|
| Class E notes
|
| Amount: | $14 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 915 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $29.45 million
|
| Securities: | Subordinated notes
|
|
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