GoldenTree raises $487m for latest CLO

GLM II is managing the CLO.

  • Wells Fargo Securities is serving as structuring lead for the CLO with BofA Securities and Morgan Stanley as co-leads
  • With the closing of this CLO, GoldenTree has issued 21 CLOs totaling over $12 billion under its GLM CLO strategy
  • GoldenTree was founded in 2000 by Steven Tananbaum

GoldenTree has closed its latest collateralized loan obligation at $487 million.

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

With the closing of this CLO, GoldenTree Loan Management US CLO 16, GoldenTree has issued 21 CLOs totaling over $12 billion under its GLM CLO strategy.

Since its inception in 2000, GoldenTree has issued over $21 billion of CLOs/CBOs, with over $14 billion currently outstanding.

A global credit asset manager, GoldenTree was founded in 2000 by Steven Tananbaum. GoldenTree manages nearly $48 billion for institutional investors, including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds.