MSC Income Fund Amends and Extends its SPV Credit Facility
MSC Income Fund (NYSE: MSIF) has announced significant amendments to its SPV revolving credit facility through its subsidiary, MSIF Funding, , with JPMorgan Chase Bank. The key modifications include:
1. A reduction in the interest rate from three-month SOFR plus 3.00% to three-month SOFR plus 2.20% per annum
2. An extension of the revolving period through February 2029
3. Extension of the final maturity date to February 2030
Il MSC Income Fund (NYSE: MSIF) ha annunciato significative modifiche alla sua linea di credito revolving SPV attraverso la sua filiale, MSIF Funding, con JPMorgan Chase Bank. Le principali modifiche includono:
1. Una riduzione del tasso d'interesse dal SOFR a tre mesi più il 3,00% al SOFR a tre mesi più il 2,20% annuo
2. Un'estensione del periodo revolving fino a febbraio 2029
3. Estensione della data di scadenza finale a febbraio 2030
El MSC Income Fund (NYSE: MSIF) ha anunciado modificaciones significativas a su línea de crédito revolving SPV a través de su filial, MSIF Funding, con JPMorgan Chase Bank. Las modificaciones clave incluyen:
1. Una reducción en la tasa de interés del SOFR a tres meses más el 3,00% al SOFR a tres meses más el 2,20% anual
2. Una extensión del período revolving hasta febrero de 2029
3. Extensión de la fecha de vencimiento final a febrero de 2030
MSC 인컴 펀드 (NYSE: MSIF)는 자회사인 MSIF Funding을 통해 JPMorgan Chase Bank와의 SPV 리볼빙 신용 시설에 대한 중요한 수정 사항을 발표했습니다. 주요 수정 사항은 다음과 같습니다:
1. 이자율을 3개월 SOFR 플러스 3.00%에서 3개월 SOFR 플러스 2.20%로 연간 인하
2. 리볼빙 기간을 2029년 2월까지 연장
3. 최종 만기일을 2030년 2월로 연장
Le MSC Income Fund (NYSE: MSIF) a annoncé des modifications significatives de sa ligne de crédit revolving SPV via sa filiale, MSIF Funding, avec JPMorgan Chase Bank. Les principales modifications comprennent :
1. Une réduction du taux d'intérêt de SOFR à trois mois plus 3,00 % à SOFR à trois mois plus 2,20 % par an
2. Une extension de la période revolving jusqu'en février 2029
3. Extension de la date d'échéance finale à février 2030
Der MSC Income Fund (NYSE: MSIF) hat bedeutende Änderungen an seiner SPV- revolvierenden Kreditfazilität durch seine Tochtergesellschaft MSIF Funding in Zusammenarbeit mit der JPMorgan Chase Bank bekannt gegeben. Die wichtigsten Änderungen umfassen:
1. Eine Senkung des Zinssatzes von drei Monaten SOFR plus 3,00% auf drei Monate SOFR plus 2,20% pro Jahr
2. Eine Verlängerung der revolvierenden Periode bis Februar 2029
3. Verlängerung des Endfälligkeitstermins bis Februar 2030
- Interest rate reduced by 0.80 percentage points, lowering borrowing costs
- Extension of revolving period through February 2029 provides longer-term funding stability
- Maturity extension to February 2030 improves long-term debt profile
- None.
Interest Rate Reduced; Maturity of the Facility Extended to February 2030
ABOUT MSC INCOME FUND, INC.
The Company (www.mscincomefund.com) is a principal investment firm that primarily provides debt capital to private companies owned by or in the process of being acquired by a private equity fund. The Company's portfolio investments are typically made to support leveraged buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. The Company seeks to partner with private equity fund sponsors and primarily invests in secured debt investments within its private loan investment strategy. The Company also maintains a portfolio of customized long-term debt and equity investments in lower middle market companies, and through those investments, the Company has partnered with entrepreneurs, business owners and management teams in co-investments with Main Street Capital Corporation (NYSE: MAIN) ("Main Street") utilizing the customized "one-stop" debt and equity financing solution provided in Main Street's lower middle market investment strategy. The Company's private loan portfolio companies generally have annual revenues between
ABOUT MSC ADVISER I, LLC
MSC Adviser I, LLC ("MSCA") is a wholly-owned subsidiary of Main Street that is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. MSCA serves as the investment adviser and administrator of the Company in addition to several other advisory clients.
FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements, including but not limited to the availability of future financing capacity under the SPV Facility. Any such statements other than statements of historical fact are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company's control, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual performance and results could vary materially from these estimates and projections of the future as a result of a number of factors, including those described from time to time in the Company's filings with the
Contacts:
MSC Income Fund, Inc.
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Cory E. Gilbert, CFO, cgilbert@mainstcapital.com
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard / ken@dennardlascar.com
Zach Vaughan / zvaughan@dennardlascar.com
713-529-6600
View original content:https://www.prnewswire.com/news-releases/msc-income-fund-amends-and-extends-its-spv-credit-facility-302409938.html
SOURCE MSC Income Fund, Inc.
FAQ
What changes were made to MSIF's SPV credit facility interest rate in March 2025?
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