Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Monroe Capital Income Plus Corp amended credit facility of $845,000,000 with ING Capital LLC, as administrative agent at SOFR Loan, CORRA Loan, Eurocurrency Loan or RFR Loan, from 2.25% to 2.00% per an maturing November 25, 2030.
- Instrument
- credit facility
- Principal
- $845,000,000
- Counterparty
- ING Capital LLC, as administrative agent
- Rate
- SOFR Loan, CORRA Loan, Eurocurrency Loan or RFR Loan, from 2.25% to 2.00% per an
- Maturity
- November 25, 2030
- Event
- amendment
Exact text from the filing
The Fourth Credit Facility Amendment amended the Existing Credit Agreement to, among other things, (i) extend the expiration of the revolver availability period from October 31, 2028 to November 25, 2029, (ii) extend the stated maturity date from October 31, 2029 to November 25, 2030, (iii) increase the total facility size to an aggregate amount of $845,000,000, (iv) increase the maximum total facility amount contemplated by the accordion provision to permit increases to a total facility amount of up to $1,100,000,000, (v) reduce the applicable margin (a) with respect to any ABR Loan, from 1.25% to 1.00% per annum (b) with respect to any SOFR Loan, CORRA Loan, Eurocurrency Loan or RFR Loan, from 2.25% to 2.00% per annum, (vi) remove the rating condition on the applicable margin, and (vii) increase the minimum obligors’ net worth test.
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