Loan & DebtAug 12, 2026, 12:36 PM
BCP Investment Subsidiary Increases Credit Facility to $150M
AI Summary
BCP Investment Corporation's wholly-owned subsidiary, Capitala Business Lending, LLC, entered into a Sixth Amendment to its senior secured revolving credit facility with KeyBank. The amendment increases the facility amount from $75.0 million to $150.0 million and extends the maturity date to August 6, 2031. It also reduces applicable interest margins and extends the reinvestment period. Concurrently, the proceeds were used to fully repay and terminate the JPM Revolving Credit Facility.
Key Highlights
- KeyBank Credit Facility increased from $75.0 million to $150.0 million.
- Maturity date extended from August 21, 2029, to August 6, 2031.
- Reinvestment period extended from August 21, 2027, to August 6, 2029.
- Applicable margin reduced from 2.80% to 2.50% during reinvestment period.
- Applicable margin reduced from 3.20% to 3.00% during amortization period.
- Proceeds from amended KeyBank facility used to repay JPM Revolving Credit Facility.
Price Impact
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