Chicago, Jan. 2 – GLM II, LP sold $398.2 million of notes in a collateralized loan obligation issued by GoldenTree Loan Management US CLO 18, Ltd., according to multiple press releases.
The notes will mature on Jan. 20, 2037.
The CLO consists of $2 million of class X senior secured floating-rate notes at SOFR plus 120 basis points, $256 million of class A senior secured floating-rate notes at SOFR plus 165 bps, $48 million of class B senior secured floating-rate notes at SOFR plus 240 bps, $24 million of class C mezzanine deferrable floating-rate notes at SOFR plus 280 bps, $24 million of class D mezzanine deferrable floating-rate notes at SOFR plus 435 bps, $14 million of class E junior deferrable floating-rate notes at SOFR plus 758 bps, $5 million of class F junior deferrable floating-rate notes at SOFR plus 850 bps and $25.2 million of subordinated notes.
GLM II, LP will manage the collateral through the end of the reinvestment period on Jan. 22, 2029.
Collateral for the notes consists of first-lien senior secured leveraged loans.
The notes can be called starting Nov. 17, 2025.
Morgan Stanley (lead), BofA Securities and Wells Fargo Securities (co-leads), NatWest Markets (co-placement agent) were the placement agents.
GoldenTree is a global asset management firm based in New York.
| Issuer: | GoldenTree Loan Management US CLO 18, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $398.2 million
|
| Maturity: | Jan. 20, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | Morgan Stanley (lead), BofA Securities and Wells Fargo Securities (co-leads), NatWest Markets (co-placement agent)
|
| Manager: | GLM II, LP
|
| Call feature: | Nov. 17, 2025
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 17
|
|
|
| Class X notes
|
| Amount: | $2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 120 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A notes
|
| Amount: | $256 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 165 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $48 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $24 million
|
| Securities: | Mezzanine deferrable floating-rate notes
|
| Coupon: | SOFR plus 280 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $24 million
|
| Securities: | Mezzanine deferrable floating-rate notes
|
| Coupon: | SOFR plus 435 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $14 million
|
| Securities: | Junior deferrable floating-rate notes
|
| Coupon: | SOFR plus 758 bps
|
| Rating: | Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | $5 million
|
| Securities: | Junior deferrable floating-rate notes
|
| Coupon: | SOFR plus 850 bps
|
| Rating: | Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | $25.2 million
|
| Securities: | Subordinated notes
|
|
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