GoldenTree Asset Management announced the closing of a €374 million (US$425 million) collateralized loan obligation to be managed by GoldenTree Loan Management II.
The GoldenTree Loan Management EUR CLO 4 is the fourth European CL0 and 12th overall CLO to be issued by the firm’s strategy totaling $6.9 billion.
The GLM EUR CLO 4 will initially be backed by an 86% ramped €323 million portfolio of primarily 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 . . .
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