The company today announced an increase to $600 million of total commitments under its credit facility led by KeyBank N.A.
The credit facility was expanded under the existing accordion feature by $90 million, bringing total commitments from $510 million to $600 million. The $90 million increase was provided by the diversified bank syndicate of 13 participants. The existing credit facility accordion feature allows for maximum commitments of up to $690 million. As of 2024-12-09, the Fund’s leverage was 52.6% and Debt Focused BDC Group leverage was 50.3%.