GoldenTree's best exit trades, defined as loan sales executed at least five points above their market prices, highlight the benefits of timely loan disposals. The largest contributions came from Cablevision Systems, Leslie's Poolmart, Central Parent, Acrisure and Houghton Mifflin Harcourt.
This study is based on a sample of 1,633 U.S. BSL CLO deals. Static deals are excluded from the analysis.
Notices announcing full optional redemptions through liquidation have been issued for GoldenTree Loan Management EUR CLO 4 and EUR CLO...
This study is based on a sample of 1,710 U.S. BSL CLO deals. Among the 112 managers included, twelve delivered strong results, with an average ranking (percentile) of 75th or higher.
A sample of 544 EU CLO deals (vintage 2013–2024) is included in this study. Deals with a collateral pool factor below 60% are excluded.
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.
