GoldenTree Announces Closing of $390m CLO Under GLM Strategy

GoldenTree Announces Closing of $390m CLO Under GLM Strategy

GoldenTree Loan Management II and its affiliated investment manager GoldenTree Asset Management, announced the closing of a $390m collateralized loan obligation to be managed by GLM II. With the closing of this CLO, GoldenTree Loan Management US CLO 15, GoldenTree has...
U.S., European banks could lose over $5bn from risky buyout loans

U.S., European banks could lose over $5bn from risky buyout loans

Major U.S. and European banks are facing tougher times in the riskiest parts of the loan market. The biggest U.S. lenders, including Bank of America and Citigroup, wrote down $1bn in the second quarter on leveraged and bridge loans as rising interest rates made it...