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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Citigroup, BMO Lead BlackRock Kelso's Revolver Increase to $405MM
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Lenders/Participants
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Citigroup Global Markets [Joint Lead Arranger, Joint Lead Bookrunner]
BMO Capital Markets [Joint Lead Arranger, Joint Lead Bookrunner]
Citibank [Administrative Agent]
Bank of Montreal [Syndication Agent]
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Structure
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$55MM Revolver Increase w/ Accordion; Amendment
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Amount
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$405.000
Million
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Borrower(s)
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BlackRock Kelso Capital Corporation
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Description
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A five-year $405 million Amended and Restated Senior Secured Revolving Credit Facility (the “Revolving Credit Facility”), which amends and restates its revolving credit facility previously outstanding. The Revolving Credit Facility has a maturity date of March 27, 2019, which includes a ratable amortization in the final year, and represents an increase of $55 million in revolving commitments over the prior revolving credit facility. The interest rate applicable to borrowings is generally LIBOR plus an applicable margin of 2.25%, a 25 basis point reduction from the prior revolving credit facility. The revolving Credit Facility also includes an “accordion” feature that allows the company, under certain circumstances to increase the size of the Revolving Credit Facility up to $750 million.
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Industry
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Investment Financing
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| Related Tags |
Bank of Montreal, BMO Capital Markets, Citibank, Citigroup Global Markets
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ABL Advisor
Deal Tables
2025
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