09 05 2016

Wellfleet Credit Partners' $358.5 Million Second CLO Offering

Dechert LLP advised Wellfleet Credit Partners on the closing of a US$358.5 million collateralized loan obligation, "Wellfleet CLO 2016-1." Wellfleet CLO 2016-1 is the second CLO issuance for Wellfleet, the performing credit business of Littlejohn & Co., LLC , a private investment firm.


The CLO vehicle will have a two-year non-call and a four-year reinvestment period with a final maturity of 12 years. Morgan Stanley & Co. LLC acted as the arranger for the CLO.  Dechert LLP acted as legal advisor. The finance and real estate Dechert team advising Wellfleet was led by partner Sean Solis (Picture), and assisted by associates Jonathan Rash and Joseph Trunzo. Involved fees earner: Sean Solis - Dechert; Jonathan Rash - Dechert; Joseph Trunzo - Dechert;

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