Venture XVI directed to redeem six classes of secured notes Jan. 16

By Sarah Lizee

Olympia, Wash., Jan. 3 – Venture XVI CLO, Ltd./Venture XVI CLO, LLC received direction from a majority of its subordinated noteholders to redeem its secured notes in whole from sale proceeds, according to a notice.

The class A-1R, A-2R, A-2R-F, A-3R, B-1L and B-2L notes will be redeemed on Jan. 16 at par plus accrued interest to the redemption date.

The subordinated notes will not be redeemed.

Citibank, NA is the trustee.

New York City-based MJX Asset Management LLC is the collateral manager.

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