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Goldman Sachs Private Middle Market Credit unit enters revolving credit facility

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Goldman Sachs Private Middle Market Credit unit enters revolving credit facility

Goldman Sachs Private Middle Market Credit LLC's unit Goldman Sachs Private Middle Market Credit SPV LLC has entered a $400 million multicurrency revolving credit facility with JPMorgan Chase Bank NA.

The facility also has an accordion feature, which could bring total commitments to $750 million. The borrowings available are in U.S. dollars, Canadian dollars, British pounds sterling, and euros. The company may use the proceeds from the borrowings to fund SPV's portfolio investments, make advances under delayed-draw term loans or revolving loans where SPV is a lender, or make distributions to itself.

All amounts outstanding must be repaid by the facility's fourth anniversary, subject to a six-month extension of the maturity date with the administrative agent's consent.

JPMorgan Chase Bank NA is the administrative agent; State Street Bank & Trust Co. is the collateral agent, collateral administrator, bank and securities intermediary and the company is the portfolio manager under the facility. State Street Bank & Trust Co. is also the company’s transfer agent, disbursing agent, custodian and administrator as well as SPV’s custodian.