Largest and lowest for GoldenTree euro CLO print

By Owen Sanderson
22 Jun 2020

GoldenTree achieved the lowest senior coupon and the largest post-Covid size for its new CLO on Friday, issuing a €374m deal at 155bp through lead arranger Morgan Stanley. The deal comes as leveraged loan primary supply hots up again, pushing managers to term out their warehouses and get ready to buy in size.

Last week saw BlueBay also hit a post-Covid tight with its European debut, with senior notes at 160bp; the week before that, a deal from Spire printed at 190bp.

Down the stack, the tightening is less obvious, with GoldenTree’s double-A, single-A and triple-B tranches all printing in line ...

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