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Barings Direct and MassMutual negotiate and document €150 million revolving credit facility provided to Luxembourg SPV, managed by leading global investment firm

January 2025

Client(s) Barings Direct Investments LLC, Massachusetts Mutual Life Insurance Company, and MassMutual Ascend Life Insurance Company

Jones Day represented Barings Direct Investments LLC, as servicer, and Massachusetts Mutual Life Insurance Company and MassMutual Ascend Life Insurance Company, as lenders, in negotiating and documenting a €150 million revolving credit facility provided to a Luxembourg special purpose vehicle under the management of a leading global investment firm, with Alter Domus Agency Services (UK) Limited and Alter Domus Trustees (UK) Limited serving as administrative agent and collateral agent, respectively. The deal included multiple Luxembourg entities and assets governed by multiple jurisdictions.

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