Babson tees up credit for Gryphon's The Original Cakerie deal

Babson Capital Management said it agented senior secured credit facilities in support of Gryphon Investors' majority investment in The Original Cakerie, a Canadian frozen dessert manufacturer. No financial terms were released. Gryphon, a U.S. private equity firm, announced the deal in November. Babson led a syndication of the senior credit facility, which it said was nearly two times oversubscribed.

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