SCP Private Credit reduces revolver commitments, extends maturity

By Marisa Wong

Los Angeles, Oct. 26 – Borrower SCP Private Credit Income BDC SPV LLC, a wholly owned financing subsidiary of SCP Private Credit Income BDC LLC, entered into a third amendment on Oct. 20 to its second amended and restated senior secured revolving credit facility with JPMorgan Chase Bank, NA acting as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Under the amendment, commitments were reduced to about $261 million from $300 million; the final maturity date was extended to Aug. 15, 2024 from Dec. 31, 2023; and the interest rate margin over SOFR or CDOR was decreased to 270 basis points from 290 bps.

The pooled investment fund is based in New York.

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