debt
confidence high
sentiment neutral
materiality 0.50
ArrowMark Financial amends credit facility, ups revolver to $70M and extends to 2025
ArrowMark Financial Corp.
- Maximum revolving credit increased to $70M from $62M under amended credit agreement.
- Interest rate now based on Secured Overnight Financing Rate (SOFR).
- Maturity extended to May 27, 2025, with an option to extend to May 27, 2026.
- Two new lenders joined the lending group at closing.
- Proceeds to be used for banking-related investments and working capital.