Barclays Capital is closing a €300 million collateralized loan obligation (CLO) to cash in on its investments, Reuters reports. The CLO is made up of a various multi-currency senior term and second lien loans, including travel firm Amadeus, Flint Group and Formula One Group. The decision to liquidate the product came after BarCap became the sole investor in the CLO, owning 100% of the capital structure. The CLO was launched in 2009 for €383 million and was managed by Pramerica.
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