Wellfleet Credit Partners has closed a $406.1 million collateralised loan obligation, the company announced Thursday.
The CLO is Wellfleet’s second this year and third CLO issuance. The firm, the performing credit business of private investment firm Littlejohn & Company, closed its first CLO in 2015.
The latest CLO vehicle will have a two-year non-call and a four-year reinvestment period with a final maturity of 12 years.
