Palmer Square BDC extends credit facility maturity to 2028, amends commitment fee structure

On March 29, 2024, Palmer Square BDC Funding I LLC, a wholly owned subsidiary of Palmer Square Capital BDC Inc. (the “Company”), entered into Amendment No. 4 (the “Credit Facility Amendment”) to its credit facility (the “Credit Facility”) with Bank of America, N.A., as administrative agent, BofA Securities, Inc., as sole lead arranger and sole book manager, and the lenders from time to time a party thereto. The Credit Facility Amendment amends the Credit Facility to, among other things, extend the facility maturity date from February 18, 2025 to February 18, 2028. In connection with the Credit Facility Amendment, the parties also entered into updated arrangements for the calculation of the fee on unused commitments, in which the commitment fee ranges from 0.50% to 1.40% (changed from 1.30%), depending on the amount of commitments which are utilized. The parties also agreed to the payment of an extension fee in the amount of 0.50% of the commitments under the Credit Facility ($3.6 milli