MSC Income extends revolver to 2028, lowers commitment to $300 million

By Wendy Van Sickle

Columbus, Ohio, Aug. 31 – MSC Income Fund, Inc. subsidiary MSIF Funding LLC modified its senior secured revolving credit facility with JPMorgan Chase Bank, NA to extend the revolving period to Feb. 3, 2027 and the final maturity date to Feb. 3, 2028, according to an 8-K filing with the Securities and Exchange Commission.

Total commitments were reduced at the company’s request to $300 million from $325 million. The company has the right under an accordion feature to increase commitments up to a total of $450 million.

Borrowings continue to bear interest at SOFR plus 300 basis points.

The amendment was signed on Aug. 31.

MSC is a Melville, N.Y.-based distributor of a broad range of industrial products to industrial customers.

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