GoldenTree raises $698m in latest CLO
GoldenTree CIO Steven Tananbaum (provided)
GoldenTree Loan Management II closed its latest collateralized loan obligation (CL0), GLM US CLO 9, at $698 million as the firm announced its CLO issuance has totaled over $8 billion over 14 CLOs.
The latest CLO will initially be backed by a $700 million portfolio of senior secured loans and will have a three-year reinvestment period and a one-year non-call period. The bank syndicate, led by BofA Securities, distributed the investment grade rated notes issued by the CLO, while GoldenTree Loan Management II invested in the CLO’s equity . . .
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