GoldenTree Asset Management has held a final close of its $603 million fifth US CLO, GoldenTree Loan Management US CLO 5. The CLO is initially backed by a 98 percent ramped $588 million portfolio of senior secured loans.
GLM US CLO 5 was arranged by a bank syndicate consisting of Wells Fargo as structural lead, and the Bank of Merrill Lynch and Morgan Stanley as co-leads.
The previous CLO in the series, GoldenTree Loan Management US CLO 4, closed at $808 million in March 2019.
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