Babson Capital Management LLC today announced the successful completion of the initial public offering of the Babson Capital Global Short Duration High Yield Fund (the “Fund”). The Fund will invest primarily in short-duration, global high yield bonds with the objective of seeking as high a level of current income as Babson Capital determines is consistent with capital preservation, with a secondary objective of capital appreciation. The Fund began trading on the New York Stock Exchange today under the symbol “BGH.” The Fund raised $462.5 million in its common share offering, excluding the underwriters’ option to purchase additional shares. BofA Merrill Lynch and Wells Fargo Securities served as lead managers of the common share underwriting syndicate. “Babson Capital believes BGH can provide investors with an attractive yield while helping to mitigate the risk of rising interest rates,” said Russell D. Morrison, Managing Director and head of Babson Capital’s Global High Yield Investments Group. “In addition, the Fund’s strategy leverages Babson Capital’s experience as a time-tested, fundamental bottom-up manager, and the depth of our Global High Yield team.” Babson Capital’s Global High Yield Investments Group manages over $28 billion in client assets and employs 70 investment professionals including 43 based in the U.S. and 27 in Europe. After the successful build-out of its global institutional distribution capabilities, Babson Capital is extending its reach to retail and high net worth investors. “We have found that both institutional and retail investors are seeking access to our investment platforms where we focus on finding relative value across global markets,” said Anthony Sciacca, Managing Director and Head of the Global Business Development Group at Babson Capital. “We will continue to listen to investors and provide solutions that meet their investment needs.” Because the Fund is newly organized, its shares have no history of public trading. Investors should read the Fund’s prospectus and consider carefully the risks, investment objectives, charges and expenses associated with an investment in the Fund’s common shares. For a copy of the prospectus, please contact your securities representative.About Babson Capital Babson Capital Management LLC and its subsidiaries serve institutional investors around the globe and have over $153 billion in assets under management as of September 30, 2012. Through proprietary research and a focus on investment fundamentals, we develop products and strategies that leverage our broad array of expertise in global corporate debt markets, structured products, debt and equity financing for commercial real estate, and alternatives. Headquartered in Boston, the firm’s subsidiaries include Cornerstone Real Estate Advisers LLC and Wood Creek Capital Management, LLC. Babson Capital is a member of the MassMutual Financial Group and is on the web at www.BabsonCapital.com.