MSD BDC SPV II closes on $370 million five-year facility

By Mary-Katherine Stinson

Lexington, Ky., Aug. 21 – MSD BDC SPV II, LLC entered into a loan financing and security agreement on Aug. 15 with Citizens Bank NA as administrative agent totaling $370 million, according to an 8-K filing with the Securities and Exchange Commission.

Advances will bear interest at SOFR plus an applicable margin of 275 basis points annually, subject to a 0% SOFR floor.

There is a commitment fee of 25 bps annually, or 50 bps if borrowings are less than 75% of the commitment amount, on the average daily unused amount of the financing commitments until the third anniversary of the facility.

The facility is available to the company until Aug. 15, 2026, and it is scheduled to mature on Aug. 15, 2028.

Proceeds may be used to fund portfolio investments.

U.S. Bank Trust Co. NA is the collateral agent, with U.S. Bank NA as account bank and collateral custodian.

Equityholder MSD Investment Corp. is based in New York.

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