Carlyle Secured Lending gets $150 million revolver with 2030 maturity

By Wendy Van Sickle

Columbus, Ohio, Oct. 6 – Carlyle Secured Lending, Inc. and Carlyle Secured Lending III SPV entered into a $150 million secured revolving loan facility on Sept. 30 with Massachusetts Mutual Life Insurance Co. as the initial lender and Wilmington Trust, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The credit facility has a revolving period through Sept. 30, 2025 and a maturity date of Sept. 30, 2030.

Borrowings bear interstate at term SOFR plus 285 basis points, and there is a commitment fee of 30 bps a year.

Based in New York, Carlyle Secured Lending is an externally managed specialty finance company focused on lending to middle-market companies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.