Crescent Capital extends revolver, lifts commitment to $350 million

By Sarah Lizee

Olympia, Wash., March 17 – Crescent Capital BDC, Inc. subsidiary Crescent Capital BDC Funding, LLC amended its credit agreement with Wells Fargo Bank, NA as administrative agent on March 10, increasing the lender’s commitment and extending the maturity, according to an 8-K filing with the Securities and Exchange Commission.

The lender’s commitment was increased by $100 million to $350 million and the final maturity date was extended to March 10, 2025 from Sept. 28, 2023.

Crescent Capital is an alternative management firm based in Los Angeles.

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