CREDIT AGREEMENT

Signed Jun 2, 2026

Committed: $180m
Matures: Jun 2032
Agent: BSP Agency, LLC

Tranche	Size	Matures	Margin
Initial Term Loans	$150m	Jun 2032	475–500 bps
Revolving Commitments	$30m	Jun 2032	475–500 bps

Priced over Term SOFR, floor 75 bps (Revolving credit facility, Term Loan B).

Level	Condition	Margin	Unused fee
Level Initial period	from Effective Date until first Compliance Certificate delivered	500 bps	n/a
Level Level 1	> 3.00:1.00	500 bps	n/a
Level Level 2	≤ 3.00:1.00	475 bps	n/a

Lenders: BENEFIT STREET PARTNERS L.L.C., ARES CAPITAL MANAGEMENT LLC

CovenantTestedHeadroomLimit now

Tested springingHeadroom not yet measured6.50x

Springing: Tested solely during a Covenant Period, i.e., any quarter-end when Revolving Exposures (excluding undrawn LCs) are ≥ 40% of Revolving Commitments.

the Borrower will not permit the Senior Secured First Lien Net Leverage Ratio as of the end of the last day of the Test Period to exceed 6.50 to 1.00

Read the filing on sec.gov ↗

Download CSV · Download JSON

Amendments

No amendments on file yet.

Report an error

Email [email protected].