Crescent Private Credit Income Corp: debt financing — Crescent Private Credit Income Corp. expands JPM credit facility to $375M, lowers interest margin

Crescent Private Credit Income Corp

Facility size increased from $150M to $375M under Amendment No. 3 to JPM Funding Facility.
Interest rate margin reduced from 2.25% to 2.13% (Term SOFR +) and for GBP from 2.3693% to 2.2493%.
Amendment effective May 29, 2025; upfront fee payable to lenders as specified in Third Amendment Effective Date Letter.
Borrowings remain subject to existing covenants and leverage restrictions under the Investment Company Act.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Crescent Private Credit Income Corp incurred credit facility of $150.0 million to $375.0 million with JPMorgan Chase Bank, National Association at applicable margin of 2.13% (or 2.2493% in the case of borrowings in British Poun.

Instrument: credit facility
Principal: $150.0 million to $375.0 million
Counterparty: JPMorgan Chase Bank, National Association
Rate: applicable margin of 2.13% (or 2.2493% in the case of borrowings in British Poun
Event: incurrence

Exact text from the filing

The Amendment, among other things, provides for (i) a decrease in the interest rate charged on the JPM Funding Facility from an applicable margin of 2.25% (or 2.3693% in the case of borrowings in British Pounds) to 2.13% (or 2.2493% in the case of borrowings in British Pounds), in each case over an applicable benchmark (Term SOFR or other applicable benchmark based on the currency of the borrowing) and (ii) an increase in the facility size from $150.0 million to $375.0 million.

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Source: SEC EDGAR

accession 0000950170-25-080939

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