Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CNL Strategic Residential Credit, Inc. incurred credit facility of up to $400 million with Goldman Sachs Bank USA at Term SOFR plus a price differential margin maturing January 30, 2028.
- Instrument
- credit facility
- Principal
- up to $400 million
- Counterparty
- Goldman Sachs Bank USA
- Rate
- Term SOFR plus a price differential margin
- Maturity
- January 30, 2028
- Event
- incurrence
Exact text from the filing
entered into a Master Repurchase Agreement (together with the related transaction documents, the “Repurchase Agreement”), with Goldman Sachs Bank USA (“Goldman Sachs”), to finance the acquisition by the Seller of eligible loans as more particularly described in the Repurchase Agreement. The Repurchase Agreement provides for asset purchases by Goldman Sachs for a maximum amount of up to $400 million. Advances under the Repurchase Agreement accrue interest at a per annum rate equal to the Term SOFR (as defined in the Repurchase Agreement) plus a price differential margin as agreed upon by Goldman Sachs and Seller for each transaction. The maturity date of the facility is January 30, 2028, unless extended or earlier terminated in accordance with the terms of the Repurchase Agreement.
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