Man GLG Euro CLO V DAC: 08 November 2018

Another cash-flow CLO transaction to be managed by GLG Partners, where on this occasion the deal is backed by a portfolio of predominantly non-investment grade assets. However, the CLO must hold a minimum of 90% first-lien senior secured loans and eligible investments, and a maximum of 10% can be held in second-lien loans, senior unsecured and first-lien last out loans.

The CLO features a non-call period until November 2020, and a re-investment period which ends in December 2022.