Babson Closes First CLO From Middle Market Effort

04 Jun 2007

Babson Capital has closed its first collateralized loan obligation through its middle market loan effort.

Babson Capital has closed its first collateralized loan obligation through its middle market loan effort. Unlike previous deals, mostly backed by broadly syndicated loans, the $400 million Babson Mid-Market CLO 2007-II is 50% backed by middle market loans, said Russ Morrison, head of portfolio management and research.

The middle ...

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