TCG BDG increases revolver to $350 million, trims margin

By Wendy Van Sickle

Columbus, Ohio, Feb. 18 – TCG BDC II SPV2 LLC, a wholly owned subsidiary of TCG BDC II, Inc., amended its revolving loan facility on Feb. 11 to increase the principal amount of borrowings during the revolving period by $100 million to $350 million, according to an 8-K filing with the Securities and Exchange Commission.

The revolving period is set to run through May 13, 2023.

Additionally, the interest rate was reduced on the effective date to Libor plus a margin of 276 basis points from Libor plus 295 bps.

U.S. Bank NA is the administrative agent.

The credit facility is due to mature on May 13, 2028.

Based in New York, TCG BDC is an externally managed specialty finance company focused on lending to middle-market companies.

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