debt
confidence high
sentiment positive
materiality 0.65
GCM Grosvenor extends term loan maturity to 2030, upsizes by $50M, reduces margin
GCM Grosvenor Inc.
- Term loan maturity extended to Feb 24, 2030 from Feb 24, 2028; revolver maturity extended to Feb 24, 2028.
- Term loan facility upsized by $50M; outstanding principal post-amendment $438M.
- Applicable margin reduced by 0.25% at each pricing level; SOFR margin now 2.25% for term loans.
- Credit spread adjustment for SOFR loans removed under the amended credit agreement.
- Revolving facility undrawn ($0) on $50M commitment; springing covenant unchanged.