GoldenTree raises over $500m for CLO

GoldenTree Loan Management (GLM) announced the closing of a $503 million collateralized loan obligation to be managed by the GoldenTree Asset Management affiliate.

With the closing of the GLM US CLO 7, the firm has issued 11 CLOs total $6.5 Billion under its GLM CLO strategy that was established in January 2017.

GLM US CLO 7 will initially be backed by a 93% ramped $464 million portfolio of senior secured loans as of closing and will have a one-year reinvestment period and a one-year non call period. The CLO was arranged by . . .

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