debt
confidence high
sentiment neutral
materiality 0.50
KKR FS Income Trust Select subsidiary enters $400M credit facility
KKR FS Income Trust Select
- K-FITS Finance Mount Royal LLC borrows up to $400M under Loan and Security Agreement with BMO as admin agent.
- Revolving period ends Feb 13, 2029; final maturity Feb 13, 2031.
- Advances bear interest at SOFR/CORRA/EURIBOR/SONIA plus 1.60% (revolving) or 1.85% (post-revolving).
- Obligations are non-recourse to KKR FS Income Trust Select; exposure limited to equity investment in borrower.
- Facility includes customary covenants, borrowing base, events of default, and fees (non-usage, prepayment premium).