New loans, notes, and credit facilities disclosed under 8-K Items 2.03/2.04.
VSE CORP incurred term loan of $90.0 million with Citizens Bank, N.A. (as administrative agent) and certain other lenders.
“the extension of a new term loan in the aggregate principal amount of $90.0 million (the “New Term Loan”), which will mature on the same date as the Company’s existing term loans;”
Capstone Energy Plus, Inc. amended senior notes of $50 million aggregate principal amount of notes (the “Notes”) outstanding with Goldman Sachs Specialty Lending Group, L.P. at Term SOFR interest rate benchmark maturing September 1, 2024.
“The Fourth Amendment provides for (i) the waiver by the Purchaser and the Collateral Agent of the Company’s breach of the minimum Consolidated Liquidity covenant contained in the A&R Note Purchase Agreement, the failure to make the interest payment for the most recently ended quarter and certain other breaches specified therein; (ii) the extension of the maturity of the $50 million aggregate principal amount of notes (the “Notes”) outstanding pursuant to the A&R Note Purchase Agreement from October 1, 2023 to September 1, 2024; (iii) an amendment fee payable by the Company at maturity equal to 1.00% of the principal balance of the Notes on the Effective Date; (iv) a due date for the next interest payment on the date that is 30 days from the Effective Date, which interest payment was originally due on July 3, 2023; (v) following the Company’s entry into a Transaction Support Agreement (as defined below), the payment-in-kind of the quarterly interest payments that are due following the n”
Service Properties Trust incurred revolving credit of $650 million with Wells Fargo Bank, National Association, as administrative agent and a lender, and a syndicate of other lenders at SOFR plus a margin ranging from 1.50% to 3.00% based on our leverage ratio, as d maturing June 29, 2027.
“On June 29, 2023, Service Properties Trust entered into an amended and restated credit agreement with Wells Fargo Bank, National Association, as administrative agent and a lender, and a syndicate of other lenders, or the Credit Agreement, governing a $650 million secured revolving credit facility.”
MYRIAD GENETICS INC incurred revolving credit of $90,000,000 with JP Morgan Chase Bank, N.A., as Administrative Agent and as Issuing Bank at ABR plus an applicable margin ranging from 1.00% to 1.50% or Adjusted Term SOFR maturing June 30, 2026.
“On June 30, 2023 (the "Closing Date"), Myriad Genetics, Inc. (the "Company") entered into a Credit Agreement (the "Credit Agreement") with the lenders from time to time party thereto ("Lenders"), certain of the Company's domestic subsidiaries party thereto (the "Guarantors"), and JP Morgan Chase Bank, N.A., as Administrative Agent (in such capacity, "Administrative Agent") and as Issuing Bank, consisting of a revolving credit facility in an initial maximum principal amount of $90,000,000, with an option to increase the maximum principal amount by up to $25,000,000 (the "Credit Facility").”
FARMER BROTHERS CO amended credit facility of reduction of the maximum commitment of the lenders under the revolving credit facility to $75.0 million with Wells Fargo Bank, National Association.
“The Fourth Amendment includes a consent to the Sale (defined below) by the administrative agent and the lenders and amends certain terms and conditions of the Credit Agreement by, among other things: (i) reflecting the payoff in full, with proceeds from the Sale, of the $47.0 million term loan facility, (ii) reflecting the paydown, with proceeds from the Sale, of the revolving credit facility (and a reduction of the maximum commitment of the lenders under the revolving credit facility to $75.0 million), (iii) releasing liens of the administrative agent securing the obligations under the Credit Agreement on assets sold pursuant to the Sale, and (iv) amending the Credit Agreement so that the Company's financial covenant (i.e., fixed charge coverage ratio) is only in effect during such times when the Company's liquidity falls below certain thresholds.”
New Mountain Guardian IV Income Fund, L.L.C. incurred revolving credit of up to $15,000,000 with BMO Harris Bank N.A. at the greater of (i) the SOFR Quoted Rate (as defined in the Loan Authorization Ag maturing due upon BMO's request within 15 business days.
“On June 29, 2023 (the “Closing Date” ), New Mountain Guardian IV Unlevered BDC, L.L.C. (the “ Company ”) entered into a loan authorization agreement (the “ Loan Authorization Agreement ”) with BMO Harris Bank N.A. (" BMO "), which allows the Company to borrow on a revolving credit basis an aggregate principal amount up to $15,000,000 (the “ BMO Facility ”). All outstanding borrowings under the BMO Facility are due upon BMO's request within 15 business days. The BMO Facility is collateralized by the unfunded capital commitments of each of the Company’s investors. The BMO Facility bears interest at the greater of (i) the SOFR Quoted Rate (as defined in the Loan Authorization Agreement) for such day plus 2.50% or (ii) the prime commercial rate minus 0.25% per annum.”
CONNECTICUT LIGHT & POWER CO incurred mortgage of $300,000,000 aggregate principal amount with J.P. Morgan Securities LLC, MUFG Securities Americas Inc., and Wells Fargo Securities LLC, as representatives of the underwriters at 4.90% maturing 2033.
“On July 6, 2023, The Connecticut Light and Power Company, doing business as Eversource Energy (the “Company”), issued $300,000,000 aggregate principal amount of its 4.90% First and Refunding Mortgage Bonds, 2023 Series B, due 2033 (the “Bonds”)”
Nova Vision Acquisition Corp incurred loan of $75,030.26 with Nova Pulsar Holdings Limited at does not bear interest maturing matures upon the closing of a business combination by the Company.
“On July 5, 2023, Nova Vision Acquisition Corp. (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $75,030.26 (the “Note”) to Nova Pulsar Holdings Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination.”
ALLIANCE ENTERTAINMENT HOLDING CORP incurred credit facility of $17 million with Bruce Ogilvie at Bloomberg Overnight Short Term Bank Yield Index (BSBY) rate plus 3% per annum maturing expected to be repaid from cash flow on or prior to July 31, 2023.
“On July 3, 2023, Bruce Ogilvie, the Company’s Executive Chairman, extended a line of credit in an amount of up to $17 million to the Company (the “Loan”). The purpose of the Loan is to address a $10 million availability reserve imposed on the Company’s existing credit facility by the lenders and to fund product investments for the upcoming holiday season. The Loan has no specified terms, but is expected to be repaid from cash flow on or prior to July 31, 2023. The Company has agreed to pay interest on the Loan at a rate equal to the Bloomberg Overnight Short Term Bank Yield Index (BSBY) rate plus 3% per annum, with interest calculated on a daily basis.”
26 Capital Acquisition Corp. incurred convertible notes of $500,000 with 26 Capital Holdings LLC (the Sponsor) at does not bear interest maturing upon the earliest to occur of (a) the satisfaction of all conditions set forth in Article 7... (the Pre-Closing Satisfaction Date), (b) the date that the windin.
“On June 29, 2023, the Company borrowed $500,000 available to it under the Convertible Note.”
Appreciate Holdings, Inc. incurred loan of $425,000 with St. Cloud Capital Partners III SBIC, L.P..
“On June 29, 2023, the Company obtained $425,000 in funding pursuant to that certain Secured Promissory Note dated as of June 29, 2023 (the "2023 Note"), issued under the Company's existing Securities Purchase Agreement, dated as of November 7, 2016 (as amended, modified, supplemented, increased and extended from time to time, the "Financing Agreement"), by and among Appreciate Holdings, Inc. (f/k/a RW National Holdings, LLC), a Delaware corporation, RW OpCo, LLC, a Delaware limited liability company, and St. Cloud Capital Partners III SBIC, L.P.”
Tattooed Chef, Inc. reported a default on loan of Not specified with Salvatore Galletti at Not specified maturing Not specified.
“Promissory Note dated November 23, 2022 by the Company in favor of Salvatore Galletti”
Tattooed Chef, Inc. reported a default on loan of Not specified with Nusenda Federal Credit Union at Not specified maturing Not specified.
“Amended and Restated addendum to business loan agreement, deed of trust, commercial security agreement and assignment of rents between Nusenda Federal Credit Union and New Mexico Food Distributors, Inc. together with Karsten Tortilla Factory, LLC effective as of May 12, 2021”
Tattooed Chef, Inc. reported a default on loan of Not specified with UMB at Not specified maturing Not specified.
“The filing of the Chapter 11 Cases constitutes an event of default that accelerated the Company’s obligations under the following debt instruments”
FUSE GROUP HOLDING INC. incurred convertible notes of $50,000 with Liu Marketing (M) Sdn. Bhd. at 3% per annum maturing the date that is twenty-four months from the date that the purchase price of the Note is paid to the Company.
“On June 29, 2023, Fuse Group Holding Inc. (the “Company”), entered into a Convertible Promissory Notes Purchase Agreement (the “Agreement”) with Liu Marketing (M) Sdn. Bhd., a company organized under the laws of Malaysia (the “Purchaser”). Pursuant to the Agreement, the Company sold a Convertible Promissory Note to the Purchaser with a principal amount of $50,000 (the “Note”). The Note bears interest at the rate of 3% per annum, which are payable on June 29 of 2024 and 2025. The Note will mature on the date that is twenty-four months from the date that the purchase price of the Note is paid to the Company.”
Liberty TripAdvisor Holdings, Inc. amended revolving credit of $500.0 million with JPMorgan Chase Bank, N.A., as Administrative Agent maturing June 29, 2028.
“The Restated Credit Agreement provides for a $500.0 million revolving credit facility maturing June 29, 2028.”
XPLR Infrastructure, LP incurred term loan of approximately $330 million at based on an index rate plus a specified margin maturing June 2028.
“On June 30, 2023, Whiptail-Montezuma Holdings, LLC (the borrower), an indirect subsidiary of NEP which was part of the above acquisition, borrowed approximately $330 million under a limited-recourse senior secured variable rate term loan to provide funds to repay a portion of the amount outstanding under the revolving credit facility on July 6th. The term loan matures in June 2028 and bears interest based on an index rate plus a specified margin with interest payable quarterly.”
XPLR Infrastructure, LP incurred revolving credit of $530 million.
“Also on June 29, 2023, NextEra Energy US Partners Holdings, LLC (NextEra US Holdings), an indirect subsidiary of NEP, drew $530 million under an existing revolving credit facility, which was used, in part, to fund the above acquisition.”
XPLR Infrastructure, LP incurred loan of approximately $142 million.
“On June 29, 2023, an indirect subsidiary of NextEra Energy Partners, LP (NEP) completed the previously announced acquisition of a portfolio of wind and solar generation facilities with a combined generating capacity of approximately 688 megawatts (MW) for cash consideration of approximately $566 million, plus working capital of $32 million (subject to post-closing working capital and other adjustments) and the assumption of debt and related interest rate swaps of approximately $142 million.”
Terra Income Fund 6, LLC amended credit facility with Eagle Point Credit Management LLC, as administrative agent and collateral agent, and certain funds and accounts managed by Eagle Point, as lenders at floating rate based on Secured Overnight Financing Rate ("SOFR") (with a 5.00% f maturing March 31, 2024.
“the Company, Eagle Point and the Lenders entered into an amendment to the Credit Agreement, pursuant to which the Credit Agreement was amended to, among other things, (i) extend the scheduled maturity date to March 31, 2024, and (ii) increase the rate on which the loans bear interest from a fixed rate of 5.625% per annum to a floating rate based on Secured Overnight Financing Rate ("SOFR") (with a 5.00% floor) + 7.375%.”
Liberty Global Ltd. amended credit facility of increase the total commitments under the Revolving Facility by €90,000,000 ($98.3 million as at the June 30, 2023 exchan with The Bank of Nova Scotia maturing Revolving Facility A (which has a final maturity date of May 31, 2026) and Revolving Facility B (which has a final maturity date of May 31, 2029).
“On June 30, 2023, the Company, the Facility Agent, the Security Agent, the financial institutions named therein as Existing Revolving Facility Lenders, the financial institutions named therein as Acceding Revolving Facility Lenders and the companies named therein as Obligors, among others, entered into a supplemental agreement (the " Supplemental Agreement ") to amend and restate the Credit Agreement (the Credit Agreement, as amended and restated by the Supplemental Agreement, the " Amended and Restated Credit Agreement ") to, among other things: • replace LIBOR with (i) the Term SOFR reference rate administered by CME Group Benchmark Administration Limited for the calculation of interest for U.S. dollar denominated loans under the Credit Agreement and (ii) SONIA reference rate for the calculation of interest for Sterling denominated loans under the Credit Agreement; • confirm that fixed rate advances under certain existing additional facilities shall remain on their applicable fixed r”
TripAdvisor, Inc. amended revolving credit of $500 million with JPMorgan Chase Bank, N.A., as Administrative Agent maturing June 29, 2028.
“The Restated Credit Agreement provides for a $500.0 million revolving credit facility maturing June 29, 2028.”
CFN Enterprises Inc. incurred loan of $5 million with certain lenders including Isaac Shehebar 2008 AIJJ Grantor Retained Annuity Trust and Ezra A. Chehebar maturing 15 month term.
“Ranco entered into promissory notes with certain lenders to borrow an aggregate of $5 million (the “Notes”). The Notes have a 15 month term and are subject to mandatory equal repayments commencing on the fourth month following issuance, for an aggregate repayment of $7.5 million.”
FIRST SOLAR, INC. incurred revolving credit of $1,000,000,000 with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR Rate plus 0.10% credit spread adjustment plus margin of 1.750% to 2.25 maturing five years.
“On June 30, 2023, First Solar, Inc. (the “Company”) entered into a Revolving Credit and Guaranty Agreement (the “Credit Agreement”), among the Company, the guarantors from time to time party thereto, the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”). The Credit Agreement provides the Company with a senior secured five-year revolving credit facility (the “Credit Facility”) in an aggregate principal amount of $1,000,000,000”
STRATA Skin Sciences, Inc. amended credit facility of senior secured term loan facility of $20.0 million with MidCap Financial Trust at greater of (i) 30-day SOFR + 0.10% and (ii) 3.50% floor, plus 7.50% maturing June 1, 2028.
“The MidCap Credit Agreement provides for a senior secured term loan facility of $20.0 million”
STRATA Skin Sciences, Inc. incurred term loan of $7.0 million with MidCap Financial Trust at greater of (i) 30-day SOFR + 0.10% and (ii) 3.50% floor, plus 7.50% maturing June 1, 2028.
“Agreement (the “Amendment”) among MidCap Financial Trust (“MidCap”), as administrative agent, and the lenders identified therein, which amended the Credit and Security Agreement, dated as of September 30, 2021, as amended January 10, 2022 and”
POOL CORP amended term loan at updated the index used for the Base Rate (as further defined within the Term Fac.
“The Term Facility Amendment updated the index used for the Base Rate (as further defined within the Term Facility Amendment) from the London Interbank Offered Rate Market Index Rate to the Term Secured Overnight Financing Rate Index Rate.”
POOL CORP amended credit facility of increased the maximum amount ... from $350,000,000 to $500,000,000 at updated the index used for the Base Rate ... from the London Interbank Offered R.
“The Credit Facility Amendment updated the index used for the Base Rate (as further defined within the Credit Facility Amendment) from the London Interbank Offered Rate Market Index Rate to the Term Secured Overnight Financing Rate Index Rate. The Credit Facility Amendment also increased the maximum amount for the Accounts Securitization (as further defined within the Credit Facility Amendment) from $350,000,000 to $500,000,000 and increased the Canadian Dollar Commitment, Euro Commitment and Swingline Commitment (all as further defined within the Credit Facility Amendment) to $50,000,000 each.”
MSA Safety Inc incurred senior notes of $50 million with NYL Investors LLC and the purchasers of notes named therein at 5.25% per annum maturing July 1, 2028.
“On June 29, 2023, MSA Safety Incorporated (the “Company”) issued $50 million of its 5.25% Series B Senior Notes due July 1, 2028”
FTAI Infrastructure Inc. incurred senior notes of $100.0 million with U.S. Bank Trust Company, National Association at 10.500% per annum maturing June 1, 2027.
“On July 5, 2023, FTAI Infrastructure Inc., a Delaware corporation (the “Company”) closed its previously announced private offering of an additional $100.0 million aggregate principal amount of 10.500% senior secured notes due 2027 (the “Additional Notes”), at an issue price equal to 95.50% of principal, plus accrued interest from and including June 1, 2023.”
Oaktree Strategic Credit Fund amended revolving credit of up to $1,100 million with ING Capital LLC (administrative agent) at SOFR, as adjusted, plus 2.15% per annum maturing five years from the New Effective Date.
“As a result of the Amendment, the Credit Agreement provides for a senior secured revolving credit facility of up to $1,100 million (the “ Increased Maximum Commitment ”), increased from $490 million”
Nova Vision Acquisition Corp incurred loan of $350,000 with Nova Pulsar Holdings Limited maturing upon the closing of a business combination by the Company.
“On July 3, 2023, Nova Vision Acquisition Corp. (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $350,000 (the “Note”) to Nova Pulsar Holdings Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor providing such amount to the Company as the Company’s working capital. The Note does not bear interest and matures upon the closing of a business combination by the Company.”
COMPASS Pathways plc incurred term loan of $30.0 million with Hercules Capital, Inc. at greater of (i) 9.75% or (ii) 1.50% plus the Wall Street Journal prime rate maturing July 1, 2027.
“On June 30, 2023 (the “Closing Date”), COMPASS Pathways plc (the “Company”) and certain of its subsidiaries (together with the Company, the “Borrowers”) entered into a loan and security agreement (the “Loan Agreement”) with Hercules Capital, Inc. (“Hercules”), which provided for aggregate maximum borrowings of up to $50.0 million, consisting of (i) a term loan of $30.0 million, which was funded on June 30, 2023”
TerrAscend Corp. incurred convertible notes of US$100,000 aggregate gross proceeds from 100 senior unsecured convertible debentures at US$1,000 each with accredited investors at 9.9% per annum, payable upon conversion and at maturity; holders may elect up to maturing 36 months from date of issuance (June 28, 2023).
“The Company sold to the Investors (i) an aggregate of 2,292,434 units (the “Units”) of the Company (the “Equity Offering”) at a price of US$1.50 (CAD $2.00) per Unit (the “Issue Price”), for aggregate gross proceeds of approximately US$3.4million (CAD $4.5 million), and (ii) 100 senior unsecured convertible debentures (the “Debentures”) of the Company (the “Debenture Offering”) at a price of US$1,000 per Debenture, for aggregate gross proceeds of approximately US$100,000. The Second Private Placements and the previously announced concurrent private placements totaled aggregate proceeds of US$20.5 million. Each Unit sold pursuant to the Equity Offering is comprised of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share of the Company, at an exercise price of US$1.95 per Common Share (subject to customary adjustmen”
Avantor, Inc. incurred revolving credit of $975 million with Goldman Sachs Bank USA, as administrative agent and collateral agent at same as the interest rate and commitment fees in respect of the Existing Revolvi maturing June 29, 2028.
“sentence, the aggregate amount of New Revolving Commitments under the Credit Agreement (which constitute all of the revolving commitments under the Credit Agreement) is $975 million. The final stated maturity of the New Revolving Commitments is June 29, 2028, subject to an earlier springing maturity to (i) with respect to the Incremental B-5 Dollar Term”
Dave & Buster's Entertainment, Inc. amended revolving credit with Deutsche Bank AG New York Branch at Term SOFR (plus an additional credit spread adjustment of 0.10%) plus a spread r.
“reduces the interest rate margin applicable to term loans and revolving loans outstanding under the Credit Agreement by 1.25%”
Dave & Buster's Entertainment, Inc. incurred term loan of $900,000,000 with Deutsche Bank AG New York Branch at Term SOFR (plus an additional credit spread adjustment of 0.10%) plus 3.75% per maturing 7 years from the original closing date of the Credit Agreement.
“provides for a new tranche of term loans in an aggregate principal amount of $900,000,000 (the “2023 Term B Loans”) with an original issue discount of 99%”
Omega Flex, Inc. amended revolving credit of $15,000,000 with Santander Bank, N.A. at Term SOFR Reference Rate plus 0.75% to plus 1.75%, or Prime Rate plus up to 0.50 maturing June 1, 2028.
“Committed Revolving Line of Credit Note to the Bank (both documents together, the “Facility”). The Facility is an unsecured revolving credit facility in the maximum amount of $15,000,000, with a $1,000,000 letter of credit sublimit, expiring June 1, 2028, with funds available for working capital and other corporate purposes. The interest rate payable on any”
JANUS HENDERSON GROUP PLC incurred revolving credit of $200.0 million with Bank of America Europe Designated Activity Company maturing June 30, 2028.
“On June 30, 2023, Janus Henderson Group plc (the “Company”) entered into a five-year, $200.0 million unsecured, multi-currency revolving credit facility (the “Revolving Credit Facility”), with Janus Henderson US (Holdings) Inc., as guarantor, Bank of America Europe Designated Activity Company, as coordinator, bookrunner and mandated lead arranger, and facility agent, Citibank, N.A., as bookrunner and mandated lead arranger, BNP Paribas, London Branch, NatWest Markets plc, State Street Bank and Trust Company, and Wells Fargo Bank, National Association, as mandated lead arrangers, and the other lenders party thereto.”
RxSight, Inc. incurred loan of $20.0 million in aggregate Term A Loans and up to $40.0 million in additional term loans available in four tranches with Oxford Finance, LLC as collateral agent and the lenders party thereto at floating per annum rate equal to the greater of 1-Month Term SOFR or 5.15% plus maturing June 1, 2028.
“On June 30, 2023, the Company entered into a new Loan and Security Agreement (“New LSA”) with Oxford as collateral agent and the lenders party thereto, pursuant to which the Company borrowed $20.0 million in aggregate Term A Loans (the “Term A Loans”).”
AMERICAN STATES WATER CO incurred revolving credit of $200 million maturing five years.
“GSWC’s separate credit agreement provides for a $200 million unsecured revolving credit facility to support its operations and capital expenditures.”
AMERICAN STATES WATER CO incurred revolving credit of $150 million maturing five years.
“AWR’s credit agreement provides for a $150 million unsecured revolving credit facility to support AWR parent and its contracted services subsidiary.”
CASELLA WASTE SYSTEMS INC incurred term loan of $430.0 million with Bank of America, N.A., as administrative agent and other lenders at 2.375% over adjusted Term SOFR maturing December 22, 2026.
“On June 30, 2023, pursuant to the Loan Joinder, the Company borrowed $430.0 million as a Term Loan A under the Credit Agreement”
Fortrea Holdings Inc. amended senior notes.
“became guarantors of the Notes, as required by the Indenture. The Supplemental Indenture is attached as Exhibit 4.2 to this Current Report on Form 8-K and is hereby incorporated by reference herein.”
Stepstone Private Credit Fund LLC amended credit facility of $100,750,000 with Bank of Montreal.
“The First Amendment provides for, among other things, (1) a funded amount from the lenders of $100,750,000 as of the amendment effective date and (2) an increase in the maximum total commitments of the lenders under the accordion provision in the BMO Loan and Security Agreement to $125,000,000”
Blue World Acquisition Corp incurred convertible notes of $60,000 with Sponsor at 0% maturing upon consummation of business combination or expiry of term.
“In connection with the Monthly Extension Payment, the Company issued an unsecured promissory note of $60,000 (the “ Note ”) to the Sponsor. The Note bears no interest and is payable in full upon the earlier to occur of (i) the consummation of the Company’s business combination (the “ Business Combination ”) or (ii) the date of expiry of the term of the Company (the “ Maturity Date ”).”
EBET, Inc. incurred revolving credit of $2.0 million with CP BF Lending, LLC at 15.0% per annum maturing November 29, 2024.
“the Lender agreed to provide the Company with a revolving line of credit in the amount of $2.0 million (the “Revolving Note”), with any advances under the Revolving Note to be made in the sole discretion of the Lender. The Revolving Note will have a maturity date of November 29, 2024 and carry an interest rate of 15.0% per annum”
FiscalNote Holdings, Inc. incurred convertible notes of $46,793,888.70 with GPO FN Noteholder LLC at 7.50% per annum maturing July 3, 2028.
“the Company will issue to the Investor a subordinated convertible promissory note in an initial principal amount of $46,793,888.70 (the “New Note”)”
Oportun Financial Corp incurred term loan of $25 million with certain affiliates of Neuberger Berman Specialty Finance as lenders.
“On June 30, 2023, Oportun Financial Corporation (the “Company”) borrowed $25 million of incremental term loans (the “Incremental Tranche C Loans”) pursuant to the Company's corporate facility entered into by and among the Company, as borrower, the subsidiaries of the Company party thereto as guarantors, certain affiliates of Neuberger Berman Specialty Finance as lenders, and Wilmington Trust, National Association, as administrative agent and collateral agent, dated as of September 14, 2022 (as amended, supplemented or otherwise modified, the “Amended Credit Agreement”).”
FS KKR Capital Corp amended credit facility with Morgan Stanley Senior Funding, Inc. at 2.70% per annum during revolving period, 3.20% per annum during amortization per maturing November 22, 2026.
“The Fifth Amendment, among other things, (i) extends the revolving period to November 22, 2024, (ii) extends the final maturity date to November 22, 2026, (iii) increases the applicable margin (a) during the revolving period to 2.70% per annum and (b) during the amortization period to 3.20% per annum, (iv) provides for an interest-only loan with a 0.15% per annum interest rate, (v) extends the call protection period for one year after the closing date of the Fifth Amendment and (vi) eliminates non-U.S. Dollar advances.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.