Babson Euro CLO 2014-1 to redeem five classes of notes due 2027

By Wendy Van Sickle

Columbus, Ohio, Dec. 15 – Babson Euro CLO 2014-1 BV plans to redeem five classes of its notes due 2027 on Jan. 17, according to a notice.

The following notes will be redeemed at par using refinancing proceeds:

• €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; and

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

U.S. Bank Trustees Ltd. is the trustee. Elavon Financial Services Ltd. is the principal paying agent.

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