GoldenTree Asset Management Announces Closing of $500 Million CLO Under GLM Strategy

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9:00 AM on Friday, August 8

The Associated Press

NEW YORK--(BUSINESS WIRE)--Aug 8, 2025--

GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $500 million collateralized loan obligation (“CLO”) to be managed by GLM III. With the closing of this CLO, GoldenTree Loan Management US CLO 26 (“GLM US CLO 26”), GoldenTree has issued 34 CLOs totaling nearly $18 billion under its GLM CLO strategy. Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations. While a US Court of Appeals ruling on February 9, 2018 led to the repeal of US risk retention rules for open market CLOs, GLM CLOs have intended to comply with European Union and/or United Kingdom Risk Retention regulations.

GLM US CLO 26 will initially be backed by a 95% ramped $476 million portfolio of primarily senior secured loans as of closing and will have a five-year reinvestment period and a two-year non call period. The CLO was arranged by a bank syndicate with BofA Securities as structuring lead, and Morgan Stanley and Wells Fargo Securities as co-leads. The syndicate distributed the rated notes issued by the CLO, while GLM III invested in the CLO’s equity.

GLM US CLO 26 issued $308 million of senior AAA rated notes with a coupon of S+1.28%, along with junior AAA rated notes and other lower rated senior, mezzanine and junior notes, for an overall weighted average coupon of S+1.71%.

Since its inception in 2000, GoldenTree has issued over $27 billion of CLOs/CBOs, with over $14 billion currently outstanding. GoldenTree’s investment team is comprised of nearly 100 individuals covering over 30 industries and having on average 15 years of experience. In addition, GoldenTree has been an active investor in structured credit since 2007 and currently manages nearly $8 billion of structured credit investments across the firm.

About GoldenTree

GoldenTree is an employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, private credit, distressed debt, structured credit, emerging markets, real estate, private equity and credit-themed equities. GoldenTree was founded in 2000 by Steven Tananbaum and is one of the largest independent global credit asset managers. GoldenTree manages approximately $60 billion for institutional investors, including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds. GoldenTree has over 310 employees, with offices in New York, West Palm Beach, Charlotte, Newport Beach, Dallas, London, Dublin, Munich, Singapore, Sydney, Tokyo and Dubai. For more information, please visit www.goldentree.com.

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CONTACT: For further information contact:Investors:

Kathy Sutherland

GoldenTree Asset Management

212-847-3455

[email protected] Morgan

GoldenTree Asset Management

212-847-3503

[email protected]:

Lauren Fernandez

Laurel Strategies, Inc.

202-215-1777