Stone Point amends, shrinks revolver to $125 million

By William Gullotti

Buffalo, N.Y., Jan. 3 – Stone Point Credit Corp. amended its revolving credit agreement with Capital One, NA as administrative agent on Dec. 27, according to an 8-K filing with the Securities and Exchange Commission.

The amendment to the Dec. 29, 2020-signed revolver was executed via letter agreement, shrinking the facility to $125 million from $200 million.

The applicable margin for borrowings was also changed, resulting in subsequent drawdowns bearing interest at SOFR plus 195 basis points.

According to the filing, all other material terms remained unchanged, including the Dec. 28, 2023 maturity date.

In addition to serving as administrative agent, Capital One is also the lead arranger.

Stone Point is a financial services firm based in Greenwich, Conn.

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