MSC Income Fund, Inc. announced on March 25, 2025, that its wholly-owned subsidiary, MSIF Funding, LLC, recently amended its special purpose vehicle revolving credit facility (SPV Facility). This amendment includes a reduction in the interest rate.
The interest rate for the SPV Facility has been decreased to three-month Secured Overnight Financing Rate (SOFR) plus 2.20% per annum. This represents an 80 basis point reduction from the prior interest rate of three-month SOFR plus 3.00% per annum, lowering the company's borrowing costs.
In addition to the interest rate reduction, the amendment also extends the revolving period, or reinvestment period, through February 2029. The final maturity date of the facility has been extended to February 2030, providing longer-term financing stability.
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