Goldman Sachs Private Middle Market lifts revolver to $350 million

By Marisa Wong

Morgantown, W.Va., March 8 – Goldman Sachs Private Middle Market Credit LLC amended its revolving credit agreement on March 3 to temporarily increase the maximum committed principal amount, according to an 8-K filing with the Securities and Exchange Commission.

The maximum committed amount of the revolver was temporarily increased by $100 million to $350 million, with the temporary increase expiring on Dec. 29, 2017.

In connection with the amendment, the interest rate on obligations under the revolver was increased to Libor plus 300 basis points.

Bank of America, NA is administrative agent, lead arranger, letter-of-credit issuer and a lender under the facility.

The business development company is based in New York.

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