debt
confidence high
sentiment neutral
materiality 0.50
PhenixFIN amends credit facility: increases to $100M, extends maturity to 2030
PhenixFIN Corp
- Credit facility increased by $12.5M from $87.5M to $100.0M; uncommitted accordion allows potential additional $50M.
- Term extended to April 17, 2030 (5 years from effective date).
- BankUnited, N.A. appointed as administrative agent, replacing Woodforest National Bank and prior lenders.
- Interest rates range from ABR+1.35% to ABR+1.75% (base rate loans) or Term SOFR+2.35% to Term SOFR+2.75% (benchmark loans).