MSC Income Fund (MSIF) said Tuesday it has amended its senior secured revolving credit facility, increasing the total commitments to $245 million from $165 million.
The increase in total commitments resulted from the addition of a new lender relationship, which diversifies the lender group under the corporate facility to seven participants, the company said.
The amendment also provides for an increase to the accordion feature, which gives the company with the right to request increases in commitments under the facility on the same terms and conditions as the existing commitments, from up to a total of $200 million to up to a total of $300 million.
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