XFLT enters new $300M credit facility with BNP Paribas, replacing Société Générale facility

XAI Octagon Floating Rate & Alternative Income Trust

New $300M senior secured revolving credit facility with BNP Paribas; matures March 19, 2027; SOFR + 1.48% margin; commitment fee 0.55% on unused when draw below 75%.
$237 million borrowed at closing to fully repay and terminate existing Société Générale credit facility.
Post-closing leverage (borrowings plus preferred shares) equals 39.73% of Managed Assets.
Customary affirmative and negative covenants apply, including limitations on indebtedness, liens, mergers, dividends, and investments.

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