Babson Capital Management has rolled out a$500 million collateralized loan obligation (CLO), Reuters reports. The CLO, which is called the Babson CLO, has been priced by Citigroup.
The CLO consists of a $342 million tranche, a $37 million portion, a $42 million piece, a $22 million segment, an $18 million part and a $50.8 million equity tranche. The CLO, which has legal final maturity of 10 years, has an on-call period of two years and a three year reinvestment period.
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