Wellfleet Credit Partners Completes Fifth CLO Offering

Dechert LLP advised Wellfleet Credit Partners on the closing of a US$557 million collateralized loan obligation, “Wellfleet CLO 2017-2.” Wellfleet CLO 2017-2 represents the fifth CLO issuance for Wellfleet, the performing credit business of Littlejohn & Co., LLC, a private investment firm. Dechert has worked with Wellfleet since the inception of their CLO platform and their first closing in 2015. The CLO vehicle will have a two-year non-call and a four-year reinvestment period with a final maturity of 12 years.

The global finance team advising Wellfleet was led by partner Sean Solis, and assisted by associates Jon Burke, Jared Axelrod and Nicholas Wilson.

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