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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC Bank and Barings Arrange $1.175B Revolving Credit Facility for Cliffwater Enhanced Lending Fund
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Lenders/Participants
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PNC Bank [Administrative Agent, Joint Lead Arranger]
Barings LLC [Joint Lead Arranger]
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Structure
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Revolving Credit Facility
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Amount
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$1.175
Billion
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Borrower(s)
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Cliffwater Enhanced Lending Fund
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Description
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Under the Facility, which closed on July 19, 2024, the lenders have agreed to extend credit to the Fund in an aggregate amount of $1.175 billion with an option to request that existing and/or new lenders provide up to $2.0 billion. The Facility will mature on July 19, 2029. The Fund intends to utilize the Facility to support continued growth in the balance sheet coinciding with the Fund's continued pace of equity inflows. As of June 30, 2024, CELFX has approximately $3.4 billion in net assets, up from approximately $2.5 billion as of December 31, 2023.
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Industry
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Lender Finance
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| Related Tags |
Barings, PNC Bank
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ABL Advisor
Deal Tables
2025
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