MJX Asset Management refinances Venture X, XV CLOs; Carlson Capital, Prudential refinance

By Cristal Cody

Eureka Springs, Ark., Oct. 13 – Three CLO managers refinanced four vintage CLO deals, according to market sources.

MJX Asset Management LLC refinanced $344.39 million of notes in a vintage 2012 CLO and $553.5 million of notes in a vintage 2013 CLO.

Carlson Capital, LP refinanced $219.8 million of notes in a 2013 CLO deal.

Prudential Investment Management, Inc. affiliate PGIM, Inc. refinanced $503.4 million of notes from a CLO originally priced in 2012.

MJX Asset Management refinanced $344.39 million of notes due July 20, 2022 in the vintage 2012 broadly syndicated CLO offering, according to a market source.

Venture X CLO, Ltd. priced $243.14 million of class A-R floating-rate notes at Libor plus 122 basis points in the senior tranche.

Jefferies LLC was the refinancing agent.

Meanwhile, MJX Asset Management refinanced $553.5 million of notes in the vintage 2013 broadly syndicated Venture XV CLO, Ltd. offering, according to a market source.

The CLO sold $374 million of the class A-R floating-rate notes at Libor plus 152 bps.

Jefferies LLC was the refinancing agent.

The maturity on the refinanced notes will be extended to July 15, 2028 from the original July 15, 2025 maturity.

Proceeds from the deal will be used to redeem the original notes on Oct. 17.

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