Barings U.K. is serving as manager for a new collateralized loan obligation warehouse funding structure that will have a target notional value of between €320-€400 million (US$338-$422.8 million), according to a report from bond rating agency DBRS.

Barings Euro CLO 2017-1 B.V. is a two-note structure supported by the payments to a senior funding facility and a mezzanine funding facility that will back financing for the ramp-up of loan and high-yield bonds collateral for a subsequent CLO issuance.

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