Babson Euro CLO 2014-1 manager explores optional notes redemption

By Tali Rackner

Norfolk, Va., Nov. 30 – Babson Euro CLO 2014-1 BV said collateral manager Barings LLC is exploring an optional redemption of eight classes of notes and subordinated notes due 2027, according to a filing with the London Stock Exchange.

The following may be redeemed:

• €201.25 million of class A-1 senior secured floating-rate notes;

• €30 million of class A-2 senior secured fixed-rate notes;

• €20.5 million of class B-1 senior secured floating-rate notes;

• €30 million of class B-2 senior secured fixed-rate notes;

• €22.5 million of class C senior secured deferrable floating-rate notes;

• €19 million of class D senior secured deferrable floating-rate notes;

• €31 million of class E senior secured deferrable floating-rate notes;

• €14.5 million of class F senior secured deferrable floating-rate notes; and

• €43.75 million of subordinated notes.

Babson said it is requesting each subordinated noteholder to contact Barings (attn.: Rob Faulkner, at +44 20 3206 4595 or rob.faulkner@barings.com).

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