News Briefs

GoldenTree raises $487m for latest CLO

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

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  • GLM US CLO 14 will initially be backed by senior secured loans
  • The CLO will have a five-year reinvestment period and a two-year non call period
  • Founded in 2000, GoldenTree manages nearly $47 billion for institutional investors

GoldenTree has closed its latest collateralized loan obligation at $487 million. GLM II will manage the CLO.

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