1 minute read | November.03.2025
Orrick has advised BNP Paribas, as arranger, on the successful pricing of Barings EU MM CLO 2025-1 – a €401 million transaction that marks a significant milestone in the European middle market and private credit CLO space. This is the first CLO in Europe to combine a multi-currency structure (EUR/GBP) with a portfolio focused on private credit assets.
Barings EU MM CLO 2025-1 is the third European middle market/private credit CLO ever issued, and its innovative dual-currency approach sets a new standard for structured finance in the region.
Orrick’s Dan Tobias and David Quirolo led the team that advised BNP Paribas, supported by Marcus Lee.