Palmer Square ups credit facility to $175 million, extends to 2028

By Wendy Van Sickle

Columbus, Ohio, Dec. 20 – Palmer Square BDC Funding I LLC, a wholly owned subsidiary of Palmer Square Capital BDC Inc., entered into a fourth amendment to its credit facility with Wells Fago Bank, NA as administrative agent on Dec. 18, to increase the facility amount to $175 million from $150 million, according to an 8-K filing with the Securities and Exchange Commission.

Also, the maturity date was extended to Dec. 18, 2028 from Dec. 18, 2025, and the reinvestment period end date was also pushed out by three years to Dec. 18, 2026.

Palmer Square is an asset management firm based in Mission Woods, Kan.

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