Stone Point Credit Corp: debt financing — Stone Point Credit amends revolver: maturity extended to Dec 2024, capacity cut to $85M, margins increased

Stone Point Credit Corp

Maturity date extended to December 27, 2024 from December 28, 2023.
Maximum borrowing capacity reduced to $85 million from $125 million.
Applicable Margin on SOFR loans increased to 235 bps from 195 bps; Reference Rate loans to 135 bps from 95 bps.
Extension fee of 0.35% (35 bps) on the maximum commitment paid to extending lenders.
Other material terms unchanged; amendments conditioned on resolutions, opinion of counsel, and fee payment.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

Stone Point Credit Corp amended revolving credit of $85 million (from $125 million) with Capital One, National Association at 235 bps per annum SOFR (from 195 bps) / 135 bps per annum Reference Rate (from 9 maturing December 27, 2024 (from December 28, 2023).

Instrument: revolving credit
Principal: $85 million (from $125 million)
Counterparty: Capital One, National Association
Rate: 235 bps per annum SOFR (from 195 bps) / 135 bps per annum Reference Rate (from 9
Maturity: December 27, 2024 (from December 28, 2023)
Event: amendment

Exact text from the filing

things, extends the maturity date to December 27, 2024 from December 28, 2023, reduces the maximum borrowing capacity of the Company under the Revolving Credit Agreement to $85 million from $125 million and increases the Applicable Margin (as defined in the Revolving Credit Agreement) to 235 basis points per annum from 195 basis points per annum with respect to

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Stone Point Credit Corp amended Third Amendment with Capital One, National Association (effective 2023-12-22).

Action: amendment
Agreement: credit facility
Counterparty: Capital One, National Association
Effective: 2023-12-22

Exact text from the filing

On December 22, 2023, Stone Point Credit Corporation (the “Company”) executed a letter agreement (the “Third Amendment”) to amend its revolving credit agreement

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Source: SEC EDGAR

accession 0001104659-23-128753

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