GoldenTree $350M CLO & $17B GLM Strategy
- GoldenTree Asset Management has completed a $350 million collateralized loan obligation (CLO) named GoldenTree Loan Management US CLO 25 (GLM US CLO 25).
- The new CLO, a significant move in structured credit investment, is supported by a 97% ramped $338 million portfolio, consisting mainly of senior secured loans.
- BofA Securities served as the sole lead arranger for GLM US CLO 25.
GoldenTree solidifies its position in structured credit with the finalization of a $350 million collateralized loan obligation (CLO), significantly expanding its GLM strategy. This latest deal, GLM US CLO 25, managed by GLM III, now elevates GoldenTree’s total GLM strategy portfolio to over $17 billion. BofA Securities spearheaded the arrangement, and the CLO features a portfolio concentrated on senior secured loans. The issuance includes AAA-rated senior debt and various lower-rated notes. This move demonstrates the company’s continued commitment within the CLO market, as GoldenTree has issued over $27 billion in CLOs/CBOs since 2000. Delve into the details of this important financial maneuver, which news Directory 3 is closely monitoring. This strategic investment underscores GoldenTree’s active role in managing approximately $58 billion for institutional investors. Discover what’s next …
GoldenTree Finalizes $350M CLO, Expanding GLM Strategy
Updated June 05, 2025
GoldenTree Asset Management has completed a $350 million collateralized loan obligation (CLO) named GoldenTree Loan Management US CLO 25 (GLM US CLO 25). GLM III manages the CLO, marking the 33rd CLO under GoldenTree’s GLM CLO strategy. this latest issuance brings the total to over $17 billion.
The new CLO, a significant move in structured credit investment, is supported by a 97% ramped $338 million portfolio, consisting mainly of senior secured loans. It features a five-year reinvestment period and a two-year non-call period.
BofA Securities served as the sole lead arranger for GLM US CLO 25. The CLO issued $224 million of AAA-rated senior debt at a coupon of SOFR+1.32%, along with lower-rated senior, mezzanine, and junior notes. The weighted average coupon reached SOFR+1.82%. BofA Securities handled the distribution of the investment-grade notes, while GLM III invested in the equity and lower-rated notes.
Since 2000, GoldenTree has issued over $27 billion in CLOs/CBOs, with $14 billion currently outstanding. The firm, founded by Steven Tananbaum, actively invests in structured credit and manages approximately $58 billion for institutional investors, including pensions, endowments, insurance companies, and sovereign wealth funds.
What’s next
GoldenTree continues to be an active player in the CLO market, focusing on strategic growth and investment in structured credit opportunities.