GBAB enters $100M credit facility with BofA, terminates SocGen facility

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

New $100M committed credit facility from Bank of America, secured by assets held in segregated account.
Borrowings bear interest at daily SOFR plus 85 bps; undrawn commitment fee of 0.20% per annum.
Maturity on 360 days' notice from BofA or 30 days' notice from Trust; mandatory prepayment triggers included.
Existing SocGen credit facility to be terminated on November 20, 2024, after all obligations are satisfied.
No borrowings under the new facility until SocGen facility is fully terminated.

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