debt
confidence high
sentiment positive
materiality 0.70
MSD Investment Corp. boosts revolving credit facility to $595M from $450M via accordion
MSD Investment Corp.
- Commitment increase of $145M (from $450M to $595M) via accordion feature; max facility size $675M.
- Assuming lenders: Royal Bank of Canada ($75M), Deutsche Bank AG New York Branch ($50M), U.S. Bank ($20M).
- Interest at SOFR + 1.75% or 1.875% margin depending on borrowing base, plus 0.1% credit spread adjustment.
- Commitment fee 0.375% annually on unused amount; facility matures November 19, 2029; borrowing period ends December 20, 2028.
- Proceeds used to fund portfolio investments, typical for the business development company.
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