CM Finance extends facility by one year, increases pricing by 20 bps

By Marisa Wong

Morgantown, W.Va., March 1 – CM Finance Inc. amended its existing $102 million term securitized financing facility with UBS AG, London Branch to extend the maturity and increase pricing, according to an 8-K filing with the Securities and Exchange Commission.

The amendment extended the stated maturity by one year to Dec. 5, 2019 and increased all-in costs – interest and 100 basis points of upfront fees – to Libor plus 355 bps from Libor plus 335 bps for the extended one-year period.

The externally managed, non-diversified, closed-end management investment company is based in New York.

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