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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
KeyBank Amends, Extends Revolving Credit Facility for Logan Ridge Finance
Thursday, August 22, 2024
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Lenders/Participants
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KeyBank [Lender]
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Structure
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Revolving Credit Facility Amendment, Extension
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Amount
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$75.000
Million
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Borrower(s)
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Logan Ridge Finance Corporation
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Description
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Under the terms of the amendment, the applicable margin during the reinvestment period was reduced from 2.90% per annum to 2.80% per annum, and the applicable margin during the amortization period was reduced from 3.25% per annum to 3.20% per annum. The reinvestment period was also extended from May 2025 to August 2027, and the maturity date was extended from May 2027 to August 2029. Of note, the Credit Facility continues to provide for borrowing of up to $75.0 million, and an uncommitted accordion feature that allows the Company to borrow up to an additional $125.0 million.
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Industry
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Lender Finance
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| Related Tags |
KeyBank
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ABL Advisor
Deal Tables
2024
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