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SELECTED TRANSACTION DETAILS
Sumitomo Mitsui Banking Upsizes Bain Capital Specialty Finance’s Revolver to $855MM
Friday, May 24, 2024

Lenders/Participants Sumitomo Mitsui Banking Corporation [Administrative Agent]
Structure Senior Revolving Credit Facility Upsize
Amount $855.000 Million
Borrower(s) Bain Capital Specialty Finance
Description 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.
Industry Lender Finance
Location MA
Related Tags BDC, Lender Finance




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