The recent reset of GoldenTree Loan Management US CLO 15 saw its WACC (AAA–BB) reduced by 72.4 bps, from 225.8 bps to 153.5 bps, while extending the reinvestment period by another two years. The reduction in WACC more than offset the deal’s underlying collateral spread compression of around 53 bps since inception.
For existing premium subscribers, please log in here.
If you'd like to find out more about premium subscription, please submit the form below: