News Briefs

GoldenTree closes latest CLO at $493m

GLM US CLO 17 will initially be backed by mostly senior secured loans.

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  • The CLO was arranged by a bank syndicate including BofA Securities as structuring lead, and Morgan Stanley and Wells Fargo Securities as co-leads
  • The CLO will have a five-year reinvestment period and a two-year non call period
  • GoldenTree was founded in 2000 by Steven Tananbaum

GoldenTree has closed its latest collateralized loan obligation at $493 million under its GLM strategy.

GLM II will manage this CLO.

With the closing of this CLO, GoldenTree has issued 23 CLOs totaling approximately $13 billion under its GLM CLO strategy.

GLM US CLO 17 will initially be backed by a $490 million portfolio of primarily senior secured loans as of closing. The CLO will have a five-year reinvestment period and a two-year non call period.

The CLO was arranged by a bank syndicate including BofA Securities as structuring lead, and Morgan Stanley and Wells Fargo Securities as co-leads.

Since its inception in 2000, GoldenTree has issued over $22 billion of CLOs/CBOs, with over $15 billion currently outstanding.

GoldenTree currently manages approximately $7 billion of structured products investments across the firm.

GoldenTree was founded in 2000 by Steven Tananbaum.