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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Sumitomo Mitsui Banking Upsizes Bain Capital Specialty Finance’s Revolver to $855MM
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Lenders/Participants
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Sumitomo Mitsui Banking Corporation [Administrative Agent]
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Structure
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Senior Revolving Credit Facility Upsize
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Amount
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$855.000
Million
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Borrower(s)
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Bain Capital Specialty Finance
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Description
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Increased commitments under its senior secured revolving credit facility with Sumitomo Mitsui Banking Corporation as administrative agent to $855 million from $665 million and extended the maturity date to May 18, 2029 from December 24, 2026. The total number of lenders to the Sumitomo Credit Facility increased to 14. There was no change in borrowing costs in connection with the amendment of the Sumitomo Credit Facility. The stated interest rate on the facility with respect to term benchmark loans denominated in Dollars is (i) SOFR, plus (ii) a 0.10% credit spread adjustment, plus (iii) depending on debt outstanding and subject to borrowing base conditions, (a) 1.875% per annum or (b) 1.75% per annum.
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Industry
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Lender Finance
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Location
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MA
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| Related Tags |
BDC, Lender Finance
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ABL Advisor
Deal Tables
2024
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