Kennedy Lewis unit lands $300 million secured facility due 2028

By William Gullotti

Buffalo, N.Y., April 25 – Kennedy Lewis Capital Co.’s newly formed subsidiary KLCC SPV GS1 LLC entered into a $300 million secured credit facility with Goldman Sachs Bank USA as administrative agent on April 20, according to an 8-K filing with the Securities and Exchange Commission.

The revolver may only be drawn upon in U.S. dollars for three years, but the maturity date is set at May 1, 2028.

Borrowings will bear interest at SOFR plus a margin ranging from 325 basis points to 350 bps, determined by the company’s BSL percentage.

The company entered into a non-recourse carveout guaranty agreement in connection with the subsidiary’s new revolver.

In addition to acting as administrative agent, Goldman Sachs is also the syndication agent.

State Street Bank & Trust Co. is the collateral agent, collateral custodian and collateral administrator.

Kennedy Lewis is an investment conglomerate based in New York.

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