Goldman Sachs Middle Market expands revolver to $400 million

By Marisa Wong

Morgantown, W.Va., April 11 – Goldman Sachs Middle Market Lending Corp. increased on April 6 the aggregate commitments under its senior secured revolving credit agreement dated Sept. 11, 2017 with SunTrust Bank as administrative agent to $400 million from $275 million, according to an 8-K filing with the Securities and Exchange Commission.

Under an increasing lender agreement with Citibank, NA, Citibank agreed to increase its commitment to $50 million from $25 million; under a joinder agreement with Industrial and Commercial Bank of China Ltd., New York Branch, ICBC agreed to provide a $50 million commitment; and under a joinder agreement with Signature Bank, Signature Bank agreed to provide a $50 million commitment.

The increases were all made through the revolving credit facility’s accordion feature.

The revolver continues to include an accordion feature, which would allow the company to bring total commitments to $500 million.

No other changes were made to the revolver, the filing noted.

The business development company is based in New York.

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