Chicago, May 23 – MJX Asset Management LLC sold $506.8 million in a collateralized loan obligation being issued by Venture 45 CLO, Ltd., according to multiple press releases.
The notes will mature on July 20, 2035.
The CLO consists of $5 million of class X senior secured floating-rate notes at SOFR plus 125 basis points, $300 million of class A-1 senior secured floating-rate notes at SOFR plus 150 bps, $25 million of class A-2 senior secured floating-rate notes at SOFR plus 175 bps, $55 million of class B senior secured floating-rate notes at SOFR plus 210 bps, $30 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 260 bps, $25 million of class D1 mezzanine secured deferrable floating-rate notes at SOFR plus 400 bps, $5 million of class DF 6.1% mezzanine secured deferrable fixed-rate notes, $20 million of class E junior secured deferrable floating-rate notes at SOFR plus 770 bps and $41.8 million of subordinated notes.
MJX Asset Management LLC will manage the collateral through the end of the 5.2-year reinvestment period on 5.2-year.
Collateral for the notes consists of a portfolio 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 45 CLO, Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $506.8 million
|
| Maturity: | July 20, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies LLC
|
| Manager: | MJX Asset Management LLC
|
| Settlement date: | May 20
|
|
|
| Class X notes
|
| Amount: | $5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 125 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-1 notes
|
| Amount: | $300 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 150 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $25 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 175 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $55 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 210 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | $30 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 260 bps
|
| Rating: | Moody's: A2
|
|
|
| Class D1 notes
|
| Amount: | $25 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 400 bps
|
| Rating: | Moody's: Baa3
|
|
|
| Class DF notes
|
| Amount: | $5 million
|
| Securities: | Mezzanine secured deferrable fixed-rate notes
|
| Coupon: | 6.1%
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | $20 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 770 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $41.8 million
|
| Securities: | Subordinated notes
|
|
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