Barings Euro Middle Market CLO 2024-1 DAC: 18 December 2024

https://www.barings.com/guest/contact/media/news/barings-launches-first-european-middle-market-private-credit-clo-at-380-million

Barings, one of the world’s leading investment managers, today announced that it is executing the first European middle market private credit CLO, Barings Euro Middle Market CLO 2024-1 DAC, at €380 million.

S&P and Fitch will rate the CLO, which is backed by a portfolio of European middle market senior secured loans. Year to date Barings has priced 12 new issue CLOs globally.

Barings Euro Middle Market CLO, a diversified EU private credit CLO, is the first of its kind in the market and is a combined effort of Barings’ Global CLO team and Barings’ Global Private Finance Group.

Barings Euro Middle Market CLO is a static deal with a one-year non-call period. BNP Paribas served as the arranger.