Barings Euro CLO 2024-1 DAC: 21 July 2024
Another securitisation of mainly Senior Secured Loans (at least 90%) from manager Barings (UK) Limited, with also a component of Senior Unsecured, Mezzanine and Second-Lien Loans. The Note proceeds are to be used to fund an identified portfolio with a target par of EUR400 million.
The transaction also features a two year non-call and a four and half year reinvestment period.