Babson Prices Second CLO

14 Mar 2008

Babson Capital has priced its second collateralized loan obligation of the year, Vinacasa CLO I, a $680 million cash deal underwritten by Citigroup.

Babson Capital has priced its second collateralized loan obligation of the year, Vinacasa CLO I, a $680 million cash deal underwritten by Citigroup. The exact composition of the portfolio backing the CLO could not be determined. Recent deals have all but done away with second-lien and covenant-lite loans. ...

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