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JPMorgan Agents $255MM Upsize for GS Investment

Date: Dec 23, 2020 @ 08:00 AM
Filed Under: Industry News

GS Investment I, LLC, a special purpose vehicle and indirect subsidiary of GreenSky, Inc. entered into Amendment No. 3 to the Warehouse Credit Agreement, dated May 11, 2020 (the "Credit Agreement"), by and among the SPV, as borrower, the lenders party thereto from time to time, and JPMorgan, as administrative agent.

The Credit Agreement Amendment increased the amount of the Lenders' revolving commitment from $300 million to $555 million, including $500 million under the Class A commitment and $55 million under the Class B commitment; •established terms for the Class B commitment, including the advance rate for the Class B loans and an interest rate on the Class B loans under the SPV Facility equal to a fixed spread over 1-month LIBOR; and •extended the commitment termination date from May 10, 2021 to December 17, 2021 and extended the maturity date from May 10, 2022 to December 17, 2023.

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