Stone Point extends revolver by one year, adds Libor transition terms

By Marisa Wong

Los Angeles, Dec. 30 – Stone Point Credit Corp. amended its revolving credit agreement to extend the scheduled maturity date of the loans to Dec. 28, 2022 from Dec. 29, 2021, according to an 8-K filing with the Securities and Exchange Commission.

The company also made some changes to the credit agreement relating to the transition of the benchmark interest rate to a SOFR-based rate from Libor.

The other material terms of the revolver were unchanged.

Capital One, NA is the administrative agent, lead arranger and a lender.

Stone Point is a financial services firm based in Greenwich, Conn.

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