trending Market Intelligence /marketintelligence/en/news-insights/trending/GQWArOqiIl3DthEPiMCkPA2 content esgSubNav
In This List

THL Credit amends, extends revolving credit facility

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A


THL Credit amends, extends revolving credit facility

THL Credit Inc. amended and extended its revolving credit facility with ING Capital LLC as agent.

The revolving facility's availability period was extended to December 2021 from August 2019, followed by a one-year amortization period with a final maturity in December 2022.

The company's existing $75 million term loan facility has been refinanced into the revolving facility, the commitments of which have been reduced to $275.0 million from $303.5 million.

The revolving facility's pricing is unchanged at the London Interbank Offered Rate plus 2.5%. The term loan facility was previously priced at LIBOR plus 2.75%.