KKR FS Income Trust Select entered into a senior secured revolving credit agreement on July 2, 2024. The agreement allows for initial borrowing of up to $50,000,000 with the option to increase up to $250,000,000. It includes provisions for letters of credit up to $10,000,000 and swingline loans up to the same amount. The facility will reach its commitment end date on July 2, 2028, and all loans are to mature on July 2, 2029, with mandatory prepayment terms under certain conditions. The agreement also sets interest rates for borrowing and includes a commitment fee for unused amounts. The company is required to adhere to customary representations, warranties, covenants, and reporting requirements, as well as maintain a minimum shareholders’ equity and a 150% asset coverage ratio. The obligations under this agreement are secured by the company's and certain subsidiaries' assets.
Proper Names: - KKR FS Income Trust Select - ING Capital LLC - Stephen S. Sypherd (General Counsel and Secretary)