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AB Private Credit pushes up warehouse commitments, switches to SOFR
Chicago, March 11 – AB Private Credit Investors Corp., through its wholly-owned subsidiary ABPCIC Funding III LLC, entered into a fourth amendments to its warehouse credit agreement on March 7 with Natixis, New York Branch as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.
The amendment increases commitments to $250 million from $225 million.
It also replaces SOFR pricing with Libor pricing, but the fee letter containing the applicable margins was not included in the filing.
Middle-market lender AB Private Credit Investors is a subsidiary of New York-based AllianceBernstein LP.
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