MSC Income Fund Amends and Extends its SPV Credit Facility
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MSC Income Fund's subsidiary MSIF Funding, LLC has amended its special purpose vehicle (SPV) revolving credit facility with JPMorgan Chase Bank. The key changes include a reduction in the interest rate from three-month SOFR plus 3.00% to three-month SOFR plus 2.20%, and an extension of the facility's maturity to February 2030.
March 25, 2025 | 11:15 am
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The company has secured a lower interest rate and extended its credit facility, which could improve its financial position and reduce interest expenses.
The amendment provides MSIF with a lower interest rate and extended maturity, which can improve cash flow, reduce borrowing costs, and provide greater financial flexibility.
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IMPORTANCE 80
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