secwatch / observer
8-K filed October 26, 2023, 7:59 PM ET CIK 0001742313
debt confidence high sentiment neutral materiality 0.60

Monroe Capital Income Plus Corp: debt financing — Monroe Capital Income Plus enters $295M senior secured revolving credit facility with ING Capital

Monroe Capital Income Plus Corp

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

Monroe Capital Income Plus Corp incurred revolving credit of $295,000,000 with ING Capital, LLC, as Administrative Agent at (i) 1.50% per annum (or, at any time the Rating Condition is satisfied, 1.35% pe maturing October 20, 2028.

Instrument
revolving credit
Principal
$295,000,000
Counterparty
ING Capital, LLC, as Administrative Agent
Rate
(i) 1.50% per annum (or, at any time the Rating Condition is satisfied, 1.35% pe
Maturity
October 20, 2028
Event
incurrence
Exact text from the filing
Company, as a Borrower, the Lenders party hereto, ING Capital, LLC, as Administrative Agent and Joint Lead Arranger. The initial principal amount of the ING Credit Facility is $295,000,000, subject to availability under the borrowing base, which is based on the Company’s portfolio investments and other outstanding indebtedness, with an accordion provision to permit
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Monroe Capital Income Plus Corp entered into Senior Secured Revolving Credit Agreement with ING Capital, LLC, as Administrative Agent and Joint Lead Arranger valued at $295,000,000 (effective 2023-10-20).

Action
entry
Agreement
credit facility
Counterparty
ING Capital, LLC, as Administrative Agent and Joint Lead Arranger
Value
$295,000,000
Effective
2023-10-20
Exact text from the filing
On October 20, 2023, Monroe Capital Income Plus Corporation (the “Company”), as borrower, entered into a senior secured revolving credit facility (the “ING Credit Facility”) pursuant to a Senior Secured Revolving Credit Agreement (the “Credit Agreement”), by and among the Company, as a Borrower, the Lenders party hereto, ING Capital, LLC, as Administrative Agent and Joint Lead Arranger.
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Source: SEC EDGAR
accession 0001104659-23-111785
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