debt
confidence high
sentiment neutral
materiality 0.45
Brightwood Capital Corp I: debt financing — Brightwood Capital increases credit facility to $100M, reduces rate to SOFR+2.40%
Brightwood Capital Corp I
- Aggregate commitment under LSA raised from $75M to $100M via first amendment.
- New $10M swingline facility added alongside the commitment increase.
- Interest rate reduced from Term SOFR + 2.50% to Term SOFR + 2.40% per annum.
- LSA maturity date remains October 11, 2030; Webster Bank, N.A. is agent/lender.
- Borrower is wholly owned SPV; collateral manager is Brightwood SPV Advisors, LLC.