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AB Private Credit boosts Synovus facility to $150 million
Chicago, April 20 – AB Private Credit Investors Corp. lifted commitments under its revolving credit facility to $150 million from $100 million on Friday, according to an 8-K filing with the Securities and Exchange Commission.
Synovus Bank, Specialty Finance Division is the facility agent.
WebBank was added as a lender on the facility with a commitment of $30 million, and the existing lender’s commitment was increased by $20 million.
ABPCIC Funding is the borrower and AB Private Credit Investors LLC is servicer of the facility.
Middle-market lender AB Private Credit Investors is a subsidiary of New York-based AllianceBernstein LP.
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