Lord Abbett Private Credit Fund S closes $250M revolving credit facility with BNP Paribas

Lord Abbett Private Credit Fund S

Initial aggregate borrowing capacity of $250 million, subject to borrowing base availability.
Interest rate equals Base Rate plus 2.00% margin (reinvestment period) or 2.50% (post-reinvestment).
Non-usage fee ranges from 0.00% to 2.50% depending on unused amount as a percentage of facility.
Facility is uncommitted and matures 24 months after the Facility Termination Date (max 5 years).
Obligations secured by a first-priority security interest in the collateral pool.

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