Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
AB Commercial Real Estate Private Debt Fund, LLC incurred credit facility of $151 million with HSBC Bank USA, National Association at Term SOFR plus a margin of 2.25%, with a 0.0% floor on Term SOFR and (ii) 5.25% maturing December 7, 2026.
- Instrument
- credit facility
- Principal
- $151 million
- Counterparty
- HSBC Bank USA, National Association
- Rate
- Term SOFR plus a margin of 2.25%, with a 0.0% floor on Term SOFR and (ii) 5.25%
- Maturity
- December 7, 2026
- Event
- incurrence
Exact text from the filing
thereto (the “Lenders”) as part of a “note-on-note” loan (the “HSBC TNVA1 Loan”) transaction. The Lenders have made the HSBC TNVA1 Loan in the aggregate principal amount of $151 million. The HSBC TNVA1 Loan generally bears interest at a rate per annum equal to the greater of (i) Term SOFR plus a margin of 2.25%, with a 0.0% floor on Term SOFR and (ii) 5.25%. The
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AB Commercial Real Estate Private Debt Fund, LLC entered into HSBC Loan and Security Agreement with HSBC Bank USA, National Association valued at $151 million (effective 2023-12-07).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- HSBC Bank USA, National Association
- Value
- $151 million
- Effective
- 2023-12-07
Exact text from the filing
On December 7, 2023, AB CRE PDF TNVA1 LLC (“TNVA1”), a wholly owned subsidiary of AB Commercial Real Estate Private Debt Fund, LLC (the “Fund”), entered into a Loan and Security Agreement (the “HSBC Loan and Security Agreement”) by and among TNVA1, as borrower, HSBC Bank USA, National Association (“HSBC”), as administrative agent for itself and the other lenders signatory thereto, and the lenders signatory thereto (the “Lenders”) as part of a “note-on-note” loan (the “HSBC TNVA1 Loan”) transaction.
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