Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Silver Point Specialty Lending Fund amended credit facility of $50,000,000 committed Optional Increased Facility Amount with Deutsche Bank AG, New York Branch and Customers Bank at reducing the Applicable Margin from 2.85% to 1.70% maturing April 17, 2031.
- Instrument
- credit facility
- Principal
- $50,000,000 committed Optional Increased Facility Amount
- Counterparty
- Deutsche Bank AG, New York Branch and Customers Bank
- Rate
- reducing the Applicable Margin from 2.85% to 1.70%
- Maturity
- April 17, 2031
- Event
- amendment
Exact text from the filing
The Amendment, among other things, (i) removes EverBank, N.A. (“Departing Lender”) as party to the Loan Agreement or any other Transaction Document, (ii) reallocates the Departing Lender’s outstanding Commitment of $37,500,000 to DBNY, as the purchasing lender and (iii) waives certain requirements of the Loan Agreement and amends the Loan Agreement in accordance with Section 17.2 of the Loan Agreement (which includes adding a committed Optional Increased Facility Amount of $50,000,000, reducing the Applicable Margin from 2.85% to 1.70%, extending the Revolving Period by three years, extending the Facility Termination Date to April 17, 2031, increasing the Maximum Portfolio Advance Rate from 60% to 65% and reducing the Minimum Weighted Average Spread Test from 5.85% to 5.0%).
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