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TCW Direct Lending VII enters $400M revolving credit agreement


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TCW Direct Lending VII enters $400M revolving credit agreement

TCW Direct Lending VII LLC entered into a new senior secured revolving credit agreement that will provide the company up to $400 million.

The revolving credit line was agreed with Natixis, New York branch, which served as administrative agent and committed lender. The bank also served as the sole lead arranger and sole book runner.

The credit facility has an initial commitment of $150 million. The maximum commitment may be periodically increased in amounts up to an aggregate amount of $1 billion.

The maturity date of the agreement is May 10, 2021. The company can extend it two times for a term of up to 12 months per such extension.