Monroe Capital Income Plus Corp: debt financing — Monroe Capital Income Plus amends credit facility: ups size to $690M, extends to 2028, lowers rate

The Third Amendment amended the Term Credit and Security Agreement, dated as of December 20, 2022, as subsequently amended, between the SPV II, as borrower, the Company as collateral manager and equity holder, the lenders party thereto and KeyBank, as administrative agent and lead arranger and USB, as collateral agent and collateral administrator, and USBA as document custodian (the “Credit Agreement”) to, among other things, (i) increase the total facility amount to up to $690 million; (ii) add an Unused Fee Rate of 0.35%; (iii) implement a Reinvestment Period from and including the Effective Date of the Third Amendment until the Reinvestment Period Termination Date; (iv) extend the Final Maturity Date to August 6, 2028; and (v) reduce the applicable interest rate to SOFR plus 2.05% per annum during the Reinvestment Period and SOFR plus 3.25% per annum during the Amortization Period.