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Published on 1/18/2019 in the Prospect News CLO Daily.

GoldenTree to price $757 million notes in new US CLO 4 issue

By Cristal Cody

Tupelo, Miss., Jan. 18 – GoldenTree Asset Management LP plans to price $757 million of notes due April 24, 2031 in a new collateralized loan obligation deal, according to a market source and a ratings report from Fitch Ratings.

The GoldenTree Loan Management US CLO 4 Ltd./GoldenTree Loan Management US CLO 4, LLC deal includes $5.5 million of class X floating-rate notes (//AAA); $446.25 million of class A floating-rate notes (//AAA); $37.5 million of class A-J floating-rate notes (//AAA); $65.5 million of class B floating-rate notes; $63.75 million of class C floating-rate notes; $43.25 million of class D floating-rate notes; $27.25 million of class E floating-rate notes; $15.5 million of class F floating-rate notes and $52.5 million of subordinated notes.

Morgan Stanley & Co. LLC is the placement agent.

GoldenTree Asset Management will manage the CLO.

The CLO has a two-year non-call period and a five-year reinvestment period.

The transaction is backed entirely by broadly syndicated first-lien senior secured loans.

The offering is expected to settle on March 6.

The New York City-based private investment firm priced one new issue U.S. CLO deal in 2018.


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