Calamos terminates BNP facility, updates State Street loan availability

By Marisa Wong

Morgantown, W.Va., Sept. 6 – Calamos Investments’ six closed-end funds terminated an existing credit facility with BNP Paribas and revised the available credit under an existing credit facility with State Street Bank and Trust Co., according to a press release.

The amounts available from State Street are now up to $430 million for Calamos Convertible Opportunities and Income Fund, $480 million for Calamos Convertible and High Income Fund, $830 million for Calamos Strategic Total Return Fund, $55 million for Calamos Global Total Return Fund, $265 million for Calamos Global Dynamic Income Fund and $270 million for Calamos Dynamic Convertible and Income Fund.

Calamos announced on Wednesday that the funds issued mandatory redeemable preferred shares totaling $593 million.

Calamos is an investment firm based in Naperville, Ill.

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