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Hamilton Finance extends facility, adds accordion, lowers interest
By Sarah Lizee
Olympia, Wash., July 6 – Hamilton Finance LLC amended its $175 million credit facility to, among other things, extend the maturity, add a $100 million accordion feature and reduce pricing, according to an 8-K filing with the Securities and Exchange Commission.
The company entered into the second amended and restated credit agreement originally entered into Dec. 17, 2015 with JPMorgan Chase Bank, NA as administrative agent on June 29.
The maturity date was extended three years to Dec. 29, 2022.
The interest rate was reduced to Libor plus 250 basis points from Libor plus 265 bps.
The amendment also added a revolving component of all amounts above the minimum use amount.
U.S. Bank NA is the collateral agent, collateral administrator and securities intermediary.
Hamilton Finance is a wholly owned, special purpose financing subsidiary of New York-based Guggenheim Credit Income Fund, a lender to large private U.S. companies.
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