Press release content from PR Newswire. The AP news staff was not involved in its creation. GoldenTree Announces Closing of €402 Million CLO Under GLM Strategy April 15, 2021 GMT NEW YORK, April 15, 2021 /PRNewswire/ -- GoldenTree Loan Management II (“GLM II”) and its affiliated investment manager GoldenTree Asset Management (collectively “GoldenTree”), announced the closing of a €402 million collateralized loan obligation (“CLO”) to be managed by GLM II. The CLO, GoldenTree Loan Management EUR CLO 5 (“GLM EUR CLO 5″), is the fifth European CLO and fifteenth overall CLO to be issued under GoldenTree’s GLM CLO strategy totaling over $8.5 billion. 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 repeal of risk retention for open market CLOs, GLM CLOs are intended to continue to comply with European Union and United Kingdom Risk Retention regulations.