debt
confidence high
sentiment neutral
materiality 0.60
Palmer Square BDC prices $300M CLO reset; AAA notes at SOFR+1.28%, AA at SOFR+1.75%
Palmer Square Capital BDC Inc.
- Priced $300M term debt securitization refinancing (CLO Reset) through subsidiary Palmer Square BDC CLO 1, Ltd.
- Notes: $228M AAA Class A at Term SOFR + 1.28%; $72M AA Class B at Term SOFR + 1.75%.
- Expected close July 15, 2026; notes mature July 15, 2039.
- Company retains 100% of subordinated notes for risk retention compliance.
- Notes offered via private placement; not registered under Securities Act or state blue-sky laws.