Babson Capital Management has announced that it provided $12 million in mezzanine debt to support J.F. Lehman & Company-backed Drew Marine's recent acquisition of Chemring Marine Group's Rescue Division, which provides marine distress signals to the commercial shipping and leisure markets. The transaction brings Babson Capital’s total subordinated debt investment in Drew Marine to more than $30 million—the firm previously provided $20 million of debt financing to support J.F. Lehman's acquisition of the company in 2009. Babson Capital also made an equity co-investment in the 2009 deal.