Tall Tree Investment Management was preparing its first collateralized loan obligation a $300 million deal called Founders Grove CLO Ltd. William Lenga, ceo, estimated the Goldman Sachs-underwritten deal would have a $50 million revolving feature, a substantial bucket for second-lien loans and the ability to buy delayed-draw term loans, letters of credit facilities and debtor-in-possession loans. [It currently has another $300 million CLO also led by Goldman Sachs in the pipeline, Grant Grove CLO I.]
One Year Ago In The Credit Markets
