Loan & DebtApr 22, 2026, 04:07 PM
FSCO Subsidiary Expands Credit Facility to $450M, Lowers Spread
AI Summary
FS Credit Opportunities Corp.'s wholly-owned subsidiary, Blair Funding LLC, amended its Credit and Security Agreement, extending the facility's maturity to December 15, 2027. The amendment significantly increased the maximum revolving facility to $150 million and the maximum term loan facility to $300 million. Additionally, the applicable interest spread was reduced by 10 basis points to 205 basis points, improving borrowing costs for the company.
Key Highlights
- Maturity date extended to December 15, 2027.
- Revolving facility increased to $150 million from $65 million.
- Term loan facility increased to $300 million from $285 million.
- Applicable interest spread reduced to 205 basis points from 215.
- Spread make-whole fee period extended to April 17, 2027.