Crescent Private Credit enters $150 million secured credit facility

Chicago, Dec. 13 – Crescent Private Credit Income Corp. entered into a loan and security agreement on Dec. 8 with JPMorgan Chase Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Subsidiary CPCI Funding SPV, LLC is the borrower.

The final maturity is Dec. 8, 2028 and there is a reinvestment period ending Dec. 8, 2026.

Interest will be at SOFR plus 260 basis points.

There will be a commitment fee on the undrawn balance.

Under certain circumstances, the facility may be increased to $500 million.

Proceeds will be used to purchase loans or other portfolio investments, or subject to certain conditions for general corporate purposes or to pay dividends or distributions by the borrower to the fund.

Security will come from originated or acquired loans and other corporate debt securities and related assets.

Crescent is based in Los Angeles.

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