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Walkers advise on first-ever European Middle Market Private Credit CLO

Dec 16, 2024

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Walkers are pleased to have advised on the Irish legal, regulatory and tax aspects of the first ever European middle market private credit Collateralised Loan Obligation ("CLO") transaction.

 

Walkers also provided listing and corporate administration services to the CLO Issuer through its listing and professional services businesses.

The Walkers team was led by Dublin-based Partner Paddy Rath.

Commenting on the transaction, Partner Paddy Rath said: “We are thrilled to have assisted Barings with this groundbreaking CLO transaction. The European CLO Market has been waiting for a breakthrough on middle market CLOs for some time and we were delighted to see Barings, a deeply experienced and market leading CLO manager, lead the way. At Walkers we regularly partner with our clients to solve complex legal, tax and structuring issues on groundbreaking and novel transactions. We thank Barings for continuing to place their trust and confidence in our expert CLO Team.”

The Barings Euro Middle Market CLO transaction is a EUR 380 Million middle market private credit CLO transaction. The transaction is a static deal with a one-year non-call period. BNP Paribas acted as arranger of the transaction and the deal was rated by S&P and Fitch. 

The Walkers Team included: Paddy Rath, Partner Finance & Capital Markets, Noeleen Ruddy, Partner Finance & Capital Markets, Clare Mannion, Senior Associate Finance & Capital Markets, Padhraic Mulpeter, Consultant Tax, Eimear Burbridge, Of Counsel, Tax and Therese Redmond, Head of Listing Services - Ireland.

Media Contact

Jenny Kokolas

Jenny Kokolas

Communications Manager - Global

T/+44 20 7220 4999
M/+44 (0)7301 272 247
E/Email Jenny Kokolas

Key contacts

Get in touch with our team

Paddy Rath
Paddy Rath full portrait

Paddy Rath

Partner

Ireland

T

+353 1 470 6657

M

+353 87 271 0676

E

Email Paddy Rath
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Noeleen Ruddy
Noeleen-Ruddy

Noeleen Ruddy

Partner

Ireland

T

+353 1 470 6650

M

+353 86 028 2340

E

Email Noeleen Ruddy
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Clare Mannion
Clare Mannion

Clare Mannion

Senior Associate

Ireland

T

+353 1 863 8528

M

+353 86 796 7001

E

Email Clare Mannion
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Padhraic Mulpeter
Padhraic Mulpeter

Padhraic Mulpeter

Tax Consultant

Ireland

T

+353 1 863 8595

M

+353 86 440 6040

E

Email Padhraic Mulpeter
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Eimear Burbridge

Eimear Burbridge

Of Counsel

Ireland

T

+353 1 470 6627

M

+353 86 040 3799

E

Email Eimear Burbridge
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Therese Redmond
Therese Redmond

Therese Redmond

Head of Listing Services

Ireland

T

+353 1 470 6645

M

+353 87 737 5530

E

Email Therese Redmond
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