Overland Advantage: debt financing — Overland Advantage subsidiary enters $400M senior secured revolving credit facility with BNP Paribas

Overland Advantage

New $400M facility matures Dec 2, 2030; borrowing period ends Dec 2, 2028.
Interest at 3-month SOFR plus margin of 1.45%-1.95% based on collateral type.
Prior BNP facility terminated and all outstanding amounts repaid.
Custodian agreement with U.S. Bank; facility is limited recourse to collateral assets.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Overland Advantage incurred revolving credit of $400 million with BNP Paribas at three (3) month term secured overnight financing rate, plus an applicable margin maturing December 2, 2030.

Instrument: revolving credit
Principal: $400 million
Counterparty: BNP Paribas
Rate: three (3) month term secured overnight financing rate, plus an applicable margin
Maturity: December 2, 2030
Event: incurrence

Exact text from the filing

Under the BNP Revolving Credit Facility, BNP has agreed to make available to Overland Financing C, LLC, a revolving loan facility in the maximum principal amount of up to $400 million subject to additional increases. Advances under the BNP Revolving Credit Facility will initially bear interest at a per annum rate equal to the three (3) month term secured

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Source: SEC EDGAR

accession 0001193125-25-309618

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