FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Wellfleet Credit Partners Completes Thirteenth CLO Offering; AUM Total $5.4B

August 24, 2020, 08:00 AM
Filed Under: Industry News

Wellfleet Credit Partners (“Wellfleet”), the performing credit business of Littlejohn & Co., LLC, announced the closing of Wellfleet CLO 2020-2, a $396.0 million collateralized loan obligation (CLO). Following the issuance of Wellfleet CLO 2020-2, Wellfleet has approximately $5.4 billion in assets under management across thirteen CLOs.

Wellfleet CLO 2020-2 is backed primarily by a diversified portfolio of broadly syndicated senior secured loans. The CLO vehicle will have a one-year non-call and a three-year reinvestment period with a final maturity of 11 years.

Credit Suisse Securities (USA) LLC acted as the arranger for the CLO. Milbank LLP acted as legal advisor to Wellfleet.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.