Babson Capital prepares to bring €414 million European CLO offering

By Cristal Cody

Tupelo, Miss., March 4 - Babson Capital Europe Ltd. plans to offer a €414 million collateralized loan obligation in the European primary market, according to an informed source.

BofA Merrill Lynch is the placement agent.

Babson Capital Europe, a subsidiary of U.S.-based Babson Capital Management LLC, will manage the CLO.

The sub-investment-grade credit fund management firm is based in London.

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