|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
KeyBank Amends, Expands Trinity Capital Credit Facility to $440MM
|
Lenders/Participants
|
KeyBank [Lead Lender]
|
|
Structure
|
Credit Facility Expansion
|
|
Amount
|
$440.000
Million
|
|
Borrower(s)
|
Trinity Capital
|
|
Description
|
The amendment expands the original credit facility from $350 million to $440 million in commitments and includes an accordion feature, pursuant to which the Company may increase the size of the credit facility to an aggregate principal amount of $690 million. The expansion increases the diversified group of lenders to 11 banks. The amendment extends the maturity date of the facility to July 27, 2029 and broadens Trinity's borrowing capacity by providing a variable advance rate of up to 62% on eligible first-lien loans (including equipment finance loans) and up to 42% on eligible second-lien loans.
|
|
Industry
|
Lender Finance
|
| Related Tags |
KeyBank, Lender Finance, Trinity Capital
|
ABL Advisor
Deal Tables
2024
|
|
|
|