Babson Joins Mid-Market Lending Push With New Debt Group

Law360, New York (July 30, 2012, 5:00 PM EDT) -- Babson Capital Management LLC on Monday launched a new middle-market lending group, becoming the latest debt investor to target smaller businesses, which are being squeezed as banks reserve their balance sheets for bigger deals.

The new Chicago-based group will make senior secured loans — relatively low-risk products at the top of the capital structure — to middle-market companies, generally defined as those with annual revenues between $100 million and $1 billion.

The new venture will initially invest funds from Babson's parent company, Massachusetts Mutual Life Insurance...
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