Milbank LLP advised Wellfleet Credit Partners (“Wellfleet”) on Wellfleet’s CLO offering, while Citigroup Global Markets acted as arranger. On October 3, Wellfleet announced the closing of Wellfleet CLO 2018-2, a $508.6 million collateralized loan obligation. Wellfleet has approximately $3.5 billion in assets under management following the Wellfleet CLO 2018-2 issuance. The CLO represents the second new issue of the year for Wellfleet, and the company’s eighth CLO issuance since its 2015 initial offering.
Wellfleet is the performing credit business of Littlejohn & Co., a Connecticut-based investment firm with a focus on private equity and debt investments, primarily in middle market companies.
The Milbank team was led by Structured Finance partner Sean Solis with Jared Axelrod and Taylor Muller.
