debt
confidence high
sentiment neutral
materiality 0.50
Fidelity Private Credit enters $300M secured revolving credit facility, accordion to $750M
Fidelity Private Credit Co LLC
- Initial commitment $300M; accordion permits increase up to $750M subject to conditions.
- Facility matures June 14, 2030; availability ends June 15, 2029; includes $60M swingline sublimit.
- Interest rate margins: ABR + 0.750%/0.875% or Term Benchmark + 1.750%/1.875% based on borrowing base ratio.
- Facility secured by substantially all portfolio investments; commitment fee 0.375% on undrawn amount.
- Proceeds for general corporate purposes including repayment of debt, distributions, and portfolio investments.
item 1.01item 2.03item 9.01