MJX Asset Management last week closed Veer Cash Flow CLO, a newly restructured incarnation of a market value transaction, Veer Loan Opportunities Fund.

As part of the restructuring, MJX purchased the entire $15 million mezzanine tranche and refinanced $105 million in floating-rate notes rated triple-A by both Standard & Poor's and Moody's Investors Service. The previous class of senior notes had been redeemed in full and canceled.

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