The Company is pleased to announce that its wholly-owned subsidiary, MSCC Funding I, LLC (“MSCC Funding”), recently amended its special purpose vehicle revolving credit facility (the “SPV Facility”). The recently closed amendment decreases the interest rate during the revolving period to one-month term Secured Overnight Financing Rate (“Term SOFR”) plus 1.95% (from the prior interest rate of Term SOFR plus 2.35%) and during the first and second years after the revolving period to Term SOFR plus 2.075% and 2.20%, respectively (from the prior interest rate of Term SOFR plus 2.475% and 2.60%, respectively). The amendment also extends both the revolving period, or reinvestment period, and the final maturity date by one year through September 2028 and to September 2030, respectively. The amendment also decreases the unused fee to 0.40% (from 0.50%) on the unused amount up to 50% (from 35%) of the commitment amount. As of 2025-04-24, the Fund’s leverage was 41.4% and Debt Focused BDC Group leverage was 51.3%.
