debt
confidence high
sentiment neutral
materiality 0.30
Crescent Capital BDC amends credit facility, extends maturity to 2029, adds $25M term loan
Crescent Capital BDC, Inc.
- Revolving commitment reduced from $350M to $285M; new $25M term commitment added; total facility $310M.
- Interest rate increased by 0.125%: ABR loans at 1.125% or 1.000% depending on borrowing base.
- Facility termination date extended to Dec 3, 2029; revolving commitment period extended to Dec 1, 2028.
- Sumitomo Mitsui Banking Corp remains administrative agent; lenders unchanged.