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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Oaktree Specialty Lending Secures $600MM Revolver from Syndicate of Lenders
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Lenders/Participants
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ING Capital [Joint Lead Arranger]
J.P. Morgan Bank [Joint Lead Arranger]
Bank of America Merrill Lynch [Joint Lead Arranger]
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Structure
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Secured Revolving Credit Facility
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Amount
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$600.000
Million
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Borrower(s)
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Oaktree Speciatly Lending Corporation
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Description
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A new secured revolving credit facility. The facility’s total capacity is $600 million, the revolving period expires in November 2020, and the final maturity date will occur one year following the end of the revolving period. The interest rate on the facility ranges from LIBOR plus 2.25% to 2.75%, with the initial pricing at LIBOR plus 2.25%. The Facility includes usual and customary representations and warranties, covenants and events of default for senior secured facilities of this nature.
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Industry
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Lender Finance
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| Related Tags |
Bank of America Merril Lynch, ING Capital, J.P. Morgan, Oaktree Specialty Lending
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ABL Advisor
Deal Tables
2024
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