trending Market Intelligence /marketintelligence/en/news-insights/trending/3bdLGhJfrav2gA57_9Rk7w2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

GoldenTree closes $554M collateralized loan obligation

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks

Blog

Banking Essentials Newsletter - April Edition

Blog

Tracking Credit Risk of a Major U.S. Retailer

Blog

Banking Essentials Newsletter: March Edition - Part 2


GoldenTree closes $554M collateralized loan obligation

GoldenTree Loan Management LP and its affiliated investment manager, GoldenTree Asset Management LP, closed a $554 million collateralized loan obligation.

GoldenTree Loan Management US CLO 6, which will be managed by GoldenTree Loan Management, will initially be backed by a 98% ramped $539 million portfolio of senior secured loans as of closing. It will have a five-year reinvestment period and a two-year noncall period.

The CLO issued $352 million of AAA rated senior notes with a coupon of L+1.34%, along with lower-rated senior, mezzanine and junior notes, for an overall weighted average coupon of L+1.95%.

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