Babson Capital Management closed five CLOs with over $1.7 billion under management. Included in the transaction are Victoria Falls CLO, Diamond Lake CLO, Clear Lake CLO, Summit Lake CLO, and St. James River CLO.

In this deal, Babson Capital assumed the role of replacement collateral manager of the CLOs, whose underlying collateral consists mostly of bank loans from Jefferies Capital Management, which is a unit of Jefferies Group.

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