Loan & DebtJun 25, 2026, 04:17 PM
Palmer Square BDC Subsidiary Reduces Credit Facility to $350M
AI Summary
Palmer Square Capital BDC Inc.'s wholly owned subsidiary, Palmer Square BDC Funding I LLC, provided notice to reduce its credit facility commitment. The aggregate commitment was lowered from $525 million to $350 million, effective July 1, 2026. This action is intended to reduce commitment fees on unused capacity and maintain an appropriate level of support for future portfolio growth.
Key Highlights
- Palmer Square BDC Funding I LLC reduced its credit facility commitment.
- Aggregate commitments decreased from $525 million to $350 million.
- The reduction was effective as of July 1, 2026.
- The purpose is to reduce commitment fees on unused capacity.
- Aims to maintain appropriate unused capacity for future portfolio growth.
- Other terms of the Credit Facility were not changed.
Price Impact
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